Breaking: Berenberg Bank Reaffirms GBX 400.00 Target On Ascential (LON:ASCL) Shares, Reaffirms Their Original “Hold” Rating

October 2, 2018 - By Vivian Park

Ascential plc (LON:ASCL) Logo

Ascential (LON:ASCL) Rating Reaffirmed

In a report revealed to investors this morning, Berenberg Bank restate their “Hold” rating on Ascential (LON:ASCL) shares. The TP would indicate a possible downside of -3.05 % from company’s close price.

Ascential plc (LON:ASCL) Ratings Coverage

Among 6 analysts covering Ascential Plc (LON:ASCL), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. Ascential Plc has GBX 555 highest and GBX 400 lowest target. GBX 489’s average target is 19.62% above currents GBX 408.8 stock price. Ascential Plc had 26 analyst reports since April 4, 2018 according to SRatingsIntel. The company was maintained on Monday, September 3 by Shore Capital. The firm has “Hold” rating by Peel Hunt given on Wednesday, April 4. Peel Hunt maintained the stock with “Hold” rating in Tuesday, May 22 report. The stock has “Hold” rating by Peel Hunt on Friday, June 15. The stock has “Add” rating by Peel Hunt on Thursday, August 2. The stock of Ascential plc (LON:ASCL) has “Buy” rating given on Monday, July 23 by Numis Securities. The stock of Ascential plc (LON:ASCL) has “Hold” rating given on Friday, May 4 by Peel Hunt. The rating was maintained by Shore Capital with “Hold” on Friday, September 7. On Tuesday, July 24 the stock rating was maintained by Barclays Capital with “Equal Weight”. The stock of Ascential plc (LON:ASCL) earned “Add” rating by Peel Hunt on Wednesday, September 5.

The stock decreased 3.68% or GBX 15.6 during the last trading session, reaching GBX 408.8. About 583,928 shares traded. Ascential plc (LON:ASCL) has 0.00% since October 2, 2017 and is . It has underperformed by 15.62% the S&P500.

Ascential plc operates as an international business-to-business media firm in the United Kingdom and internationally. The company has market cap of 1.64 billion GBP. The company's Exhibitions & Festivals segment organizes large-scale exhibitions, congresses, and festivals where clients come together to form business relationships and transact. It has a 116.8 P/E ratio. This segment's principal services and products include Cannes Lions, a festival for creativity in the branded communications industry; Spring and Autumn Fair trade exhibitions; and Money20/20, a payments and financial services congress.

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