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. 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. Ascential plc was incorporated in 2016 and is based in London, the United Kingdom.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on ASCL shares. Deutsche Bank Aktiengesellschaft cut their price target on Ascential from GBX 440 ($5.39) to GBX 360 ($4.41) and set a "buy" rating for the company in a report on Thursday, June 30th. Shore Capital restated a "buy" rating on shares of Ascential in a report on Monday, August 1st. Berenberg Bank downgraded Ascential to a "hold" rating and dropped their price objective for the stock from GBX 450 ($5.51) to GBX 290 ($3.55) in a report on Wednesday. Finally, Barclays restated an "overweight" rating and set a GBX 390 ($4.78) price objective on shares of Ascential in a report on Tuesday, August 2nd. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of GBX 377.50 ($4.63).
Ascential Trading Down 2.7 %
ASCL Stock opened at GBX 240 ($2.94) on Friday. The business has a fifty day simple moving average of GBX 281.52 and a 200-day simple moving average of GBX 311.71. 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 company has a market cap of £1.06 billion and a price-to-earnings ratio of 4.49.