Ascential (ASCL) Reaches New 12-Month High at $446.80

Ascential (LON:ASCL) shares hit a new 52-week high during trading on Friday . The stock traded as high as GBX 446.80 ($5.95) and last traded at GBX 445.60 ($5.93), with a volume of 608850 shares trading hands. The stock had previously closed at GBX 429 ($5.71).

A number of analysts have recently issued reports on the company. Peel Hunt reaffirmed a “hold” rating on shares of Ascential in a research report on Wednesday, June 13th. Shore Capital reaffirmed a “buy” rating on shares of Ascential in a research report on Tuesday, May 15th. Citigroup raised their price objective on Ascential from GBX 435 ($5.79) to GBX 475 ($6.32) and gave the company a “buy” rating in a research report on Wednesday, March 14th. Deutsche Bank raised their price objective on Ascential from GBX 415 ($5.53) to GBX 425 ($5.66) and gave the company a “buy” rating in a research report on Tuesday, February 27th. Finally, Barclays raised Ascential to an “equal weight” rating and set a GBX 395 ($5.26) price objective for the company in a research report on Tuesday, February 27th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of GBX 420.56 ($5.60).

Ascential Company Profile

Ascential plc provides events and advisory services in the United Kingdom and internationally. The company's Exhibitions & Festivals segment organizes exhibitions, congresses, and festivals. Its Information Services segment provides intelligence, analysis, and forecasting tools; live events and awards; and subscription content, such as real-time online resources, as well as advisory services to the various industries, including fashion, retail, property, construction, and politics, as well as for media platforms.

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