Ascential (ASCL) Upgraded to Buy by Goldman Sachs Group

Ascential (LON:ASCL) was upgraded by Goldman Sachs Group to a “buy” rating in a report released on Thursday. The brokerage presently has a GBX 540 ($7.06) price target on the stock, up from their previous price target of GBX 526 ($6.87). Goldman Sachs Group’s target price would indicate a potential upside of 31.77% from the company’s current price.

ASCL has been the topic of a number of other reports. Peel Hunt raised Ascential to a “buy” rating and lowered their price target for the company from GBX 515 ($6.73) to GBX 485 ($6.34) in a report on Tuesday, October 23rd. Deutsche Bank reaffirmed a “buy” rating on shares of Ascential in a report on Tuesday, July 24th. Shore Capital reaffirmed a “buy” rating on shares of Ascential in a report on Thursday. Citigroup lowered Ascential to a “neutral” rating in a report on Tuesday, July 24th. Finally, Numis Securities reaffirmed a “buy” rating and set a GBX 565 ($7.38) target price on shares of Ascential in a report on Monday, July 23rd. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Ascential presently has a consensus rating of “Buy” and an average target price of GBX 467.78 ($6.11).

Shares of ASCL opened at GBX 409.80 ($5.35) on Thursday. Ascential has a one year low of GBX 303.70 ($3.97) and a one year high of GBX 421 ($5.50).

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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Analyst Recommendations for Ascential (LON:ASCL)

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