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Home / Momentum / Ascential (ASCL.L) 20-12-19

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

Ascential (ASCL.L) 20-12-19

Will shares in Ascential (ASCL.L) continue to rally, setting new recent highs?

 

  • Now trading at 375.4p (at time of writing), the share price performance has been very strong.
  • Will it end, or is this trend your friend?
  • Could this be the ideal opportunity for momentum traders?
  • Whilst momentum has been strong, traders should remember that past performance is not necessarily an indication of the future.
  • Technical traders should consider of new events, which can influence price action. Check our website and news outlets for updates.
  • Shares -8% from 12-month highs; +17% from 12 month lows.

Latest News

05 Nov:  Barclays Capital reiterates its equal weight rating on Ascential Plc (ASCL) and reduced the target price to 365p (from 410p).

28 Oct:  Goldman Sachs reiterates its conviction buy rating on Ascential Plc (ASCL) and increased the target price to 568p (from 510p).

25 Oct:  Ascential has held back on releasing Money 20/20 in China.  Release was scheduled for early December. The delay is due to the short-term pause for foreign firms in Chinese fintech.

12 Sep:  Liberum Capital today initiates coverage of Ascential Plc (ASCL) with a hold rating and target price of 380p.

24 Jul:  Peel Hunt reiterates its buy rating on Ascential Plc (ASCL) and increased the target price to 450p (from 440p).

24 Jul:  Deutsche Bank reiterates its buy rating on Ascential Plc (ASCL) and increased the target price to 440p (from 430p).

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

 

Click to enlarge

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