Shares of Ascential PLC (LON:ASCL) have been given an average rating of “Buy” by the nine ratings firms that are presently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is GBX 472.50 ($6.17).
ASCL has been the topic of several recent research reports. Peel Hunt reaffirmed a “buy” rating on shares of Ascential in a research report on Wednesday, February 13th. Citigroup restated a “neutral” rating on shares of Ascential in a research note on Friday, February 22nd. Shore Capital restated a “buy” rating on shares of Ascential in a research note on Thursday, March 28th. Deutsche Bank reduced their target price on Ascential from GBX 460 ($6.01) to GBX 430 ($5.62) and set a “buy” rating for the company in a research note on Monday, January 21st. Finally, Goldman Sachs Group raised their target price on Ascential from GBX 532 ($6.95) to GBX 545 ($7.12) and gave the stock a “buy” rating in a research note on Monday, January 14th.
LON:ASCL traded down GBX 0.60 ($0.01) during trading hours on Monday, hitting GBX 354.40 ($4.63). 403,682 shares of the company traded hands, compared to its average volume of 1,060,000. The stock has a market cap of $1.42 billion and a P/E ratio of 6.88. Ascential has a twelve month low of GBX 335.60 ($4.39) and a twelve month high of GBX 469 ($6.13). The company has a debt-to-equity ratio of 53.37, a current ratio of 1.41 and a quick ratio of 1.33.
The firm also recently announced a dividend, which will be paid on Friday, June 14th. Shareholders of record on Thursday, May 16th will be paid a GBX 3.90 ($0.05) dividend. This represents a yield of 1.01%. This is a positive change from Ascential’s previous dividend of $1.90. The ex-dividend date of this dividend is Thursday, May 16th. Ascential’s dividend payout ratio (DPR) is 0.12%.
In other Ascential news, insider Duncan Painter bought 43,000 shares of the firm’s stock in a transaction on Friday, March 29th. The shares were acquired at an average cost of GBX 348 ($4.55) per share, with a total value of £149,640 ($195,531.16).
Ascential plc provides business-to-business information services for product design, marketing, sales, and built environment and policy in the United Kingdom and internationally. It offers industry-specific business intelligence, insights, and forecasting through data and digital subscription tools. The company was formerly known as Trident Floatco PLC and changed its name to Ascential plc in January 2016.
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