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Home / Stocks and Markets at Lows / Ascential (ASCL.L) 06-04-20

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Ascential (ASCL.L) 06-04-20

Shares in Ascential (ASCL.L) have dropped from recent highs of 421.2p. Are further falls imminent, or will investors benefit from this low price?

  • A return to previous highs would represent a rise of 127%. Now trading at 184.94p (at time of writing).
  • This stock is one of the most significant fallers in the period.
  • Is the fall justified? Is a bounce due?
  • The market has been known to over-react to negative news. Traders may wish to consider whether the fall is reasonable, or is the recent fall an over-reaction?
  • Contrarian traders should be mindful of fundamentals and events, which can influence price. Check our website for updates.
  • Shares -56% from 12-month highs; +3% from 12 month lows.

Latest News

03 Apr:  Ascential, the information and events company, said it would not pay a dividend after cancelling the Cannes Lions Festival due to the coronovirus crisis.

01 Apr:  Goldman Sachs reiterates its buy rating on Ascential Plc (ASCL) and reduced the target price to 303p (from 373p).

26 Mar:  Peel Hunt reiterates its buy rating on Ascential Plc (ASCL) and reduced the target price to 350p (from 440p).

25 Mar:  Liberum Capital has upgraded its rating on Ascential Plc (ASCL) to buy (from buy).

24 Mar:  Ascential announced that a key finance conference in Holland had been rescheduled from June to September, owing to the current pandemic.

19 Mar:  HSBC has downgraded its rating on Ascential Plc (ASCL) to hold (from buy) and reduced the target price to 240p (from 460p).

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

Click to enlarge

This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.


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