Berenberg Bank Downgrades Ascential (LON:ASCL) to Hold

Ascential (LON:ASCLGet Rating) was downgraded by stock analysts at Berenberg Bank to a “hold” rating in a research report issued on Wednesday, Marketbeat Ratings reports. They currently have a GBX 290 ($3.55) price target on the stock, down from their prior price target of GBX 450 ($5.51). Berenberg Bank’s price target indicates a potential upside of 17.60% from the company’s current price.

A number of other research analysts also recently commented on the stock. Shore Capital reaffirmed a “buy” rating on shares of Ascential in a research note on Monday. Barclays cut their target price on Ascential from GBX 430 ($5.27) to GBX 390 ($4.78) and set an “overweight” rating on the stock in a research report on Wednesday, July 20th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Ascential from GBX 440 ($5.39) to GBX 360 ($4.41) and set a “buy” rating on the stock in a research report on Thursday, June 30th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of GBX 377.50 ($4.63).

Ascential Trading Up 5.7 %

LON:ASCL opened at GBX 246.60 ($3.02) on Wednesday. The company has a market capitalization of £1.09 billion and a PE ratio of 4.61. The company has a quick ratio of 0.95, a current ratio of 0.98 and a debt-to-equity ratio of 22.75. Ascential has a 52-week low of GBX 220.80 ($2.71) and a 52-week high of GBX 449.60 ($5.51). The stock has a fifty day simple moving average of GBX 282.92 and a 200-day simple moving average of GBX 313.08.

About Ascential

(Get Rating)

Ascential plc provides specialist information, analytics, and e-commerce optimization platforms in the United Kingdom, rest of Europe, the United States, Canada, the Asia Pacific, the Middle East, Africa, and Latin America. The company operates through four segments: Digital Commerce, Product Design, Marketing, and Retail & Financial Services.

See Also

Analyst Recommendations for Ascential (LON:ASCL)

Want More Great Investing Ideas?

Receive News & Ratings for Ascential Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ascential and related companies with MarketBeat.com's FREE daily email newsletter.