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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

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