Ascential (ASCL)

Sector:

Media

Index:

FTSE 250

303.80p
   
  • Change Today:
    -0.20p
  • 52 Week High: 312.60
  • 52 Week Low: 188.30
  • Currency: UK Pounds
  • Shares Issued: 445.61m
  • Volume: 1,413,121
  • Market Cap: £1,353.77m
  • RiskGrade: 204

Liberum raises target price on Ascential following earnings

By Iain Gilbert

Date: Wednesday 28 Jul 2021

LONDON (ShareCast) - (Sharecast News) - Analysts at Liberum raised their target price on media firm Ascential from 410.0p to 500.0p on Wednesday after the group's digital commerce unit's recent outperformance.

Liberum said Ascential's digital commerce unit outperformed both market and its own expectations, delivering 27% pro-forma revenue growth.

However, Liberum stated that the market reacted negatively to a 9% share placing announced in conjunction with Ascential's results.

"We however are now more bullish, given commentary around a healthy pipeline of digital commerce deals to execute which in the past have optically looked expensive, but given the growth rate of these assets provide material value 2-3 years following acquisition," said the analysts, who also reiterated their 'buy' rating on the stock.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Ascential Market Data

Currency UK Pounds
Share Price 303.80p
Change Today -0.20p
% Change -0.07 %
52 Week High 312.60
52 Week Low 188.30
Volume 1,413,121
Shares Issued 445.61m
Market Cap £1,353.77m
RiskGrade 204

Ascential Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
18.52% below the market average18.52% below the market average18.52% below the market average18.52% below the market average18.52% below the market average
22.73% below the sector average22.73% below the sector average22.73% below the sector average22.73% below the sector average22.73% below the sector average
Price Trend
70.29% above the market average70.29% above the market average70.29% above the market average70.29% above the market average70.29% above the market average
82.98% above the sector average82.98% above the sector average82.98% above the sector average82.98% above the sector average82.98% above the sector average
Income Not Available
Growth
95.75% below the market average95.75% below the market average95.75% below the market average95.75% below the market average95.75% below the market average
95.45% below the sector average95.45% below the sector average95.45% below the sector average95.45% below the sector average95.45% below the sector average

What The Brokers Say

Strong Buy 2
Buy 2
Neutral 1
Sell 0
Strong Sell 0
Total 5
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Ascential Dividends

  Latest Previous
  Interim Final
Ex-Div 29-Aug-19 16-May-19
Paid 27-Sep-19 14-Jun-19
Amount 1.80p 3.90p

Trades for 28-Mar-2024

Time Volume / Share Price
16:40 175,000 @ 304.18p
16:35 695,311 @ 303.80p
16:35 945 @ 303.80p
16:35 6,606 @ 303.80p
16:35 2,851 @ 303.80p

Ascential Key Personnel

Chair Scott Forbes
CEO Duncan Painter
CFO Mandy Gradden

Top of Page