Citigroup Increases Ascential (ASCL) Price Target to GBX 475

Ascential (LON:ASCL) had its price objective hoisted by Citigroup from GBX 435 ($6.11) to GBX 475 ($6.67) in a research note released on Wednesday, March 14th. The firm currently has a buy rating on the stock.

Several other research firms have also issued reports on ASCL. Barclays raised Ascential to an equal weight rating and set a GBX 395 ($5.54) target price on the stock in a research note on Tuesday, February 27th. Peel Hunt reissued a hold rating and set a GBX 375 ($5.26) target price on shares of Ascential in a research note on Monday, February 26th. BNP Paribas reissued an outperform rating and set a GBX 440 ($6.18) target price on shares of Ascential in a research note on Friday, February 2nd. Numis Securities increased their target price on Ascential from GBX 405 ($5.69) to GBX 455 ($6.39) and gave the stock a buy rating in a research note on Monday, February 26th. Finally, reaffirmed a buy rating and issued a GBX 405 ($5.69) price target on shares of Ascential in a research report on Tuesday, November 14th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average price target of GBX 420.56 ($5.90).

Shares of LON ASCL traded up GBX 1.20 ($0.02) during mid-day trading on Wednesday, reaching GBX 420.20 ($5.90). 345,646 shares of the company’s stock were exchanged, compared to its average volume of 1,060,000. Ascential has a 52-week low of GBX 303.70 ($4.26) and a 52-week high of GBX 421 ($5.91).

The business also recently declared a dividend, which will be paid on Friday, June 15th. Shareholders of record on Thursday, May 17th will be given a GBX 3.80 ($0.05) dividend. The ex-dividend date of this dividend is Thursday, May 17th. This represents a yield of 0.95%. This is a positive change from Ascential’s previous dividend of $1.80.

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Ascential Company Profile

Ascential plc is an international business-to-business media company. The Company is focused on essential products that connect and inform business professionals. It operates through two segments: Exhibitions & Festivals, and Information Services. The Exhibitions & Festivals segment organizes large-scale exhibitions, congresses and festivals, where customers come together to form business relationships and transact.

Analyst Recommendations for Ascential (LON:ASCL)

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