Ashmore Group plc (ASHM) Receives Consensus Rating of “Sell” from Brokerages
Ashmore Group plc (LON:ASHM) has been given a consensus recommendation of “Sell” by the fifteen analysts that are covering the stock. Nine equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is GBX 302.15 ($3.74).
A number of equities analysts have recently weighed in on the company. BNP Paribas upped their target price on Ashmore Group plc from GBX 260 ($3.22) to GBX 290 ($3.59) and gave the company an “underperform” rating in a report on Tuesday. Macquarie restated a “neutral” rating and issued a GBX 304 ($3.76) price objective on shares of Ashmore Group plc in a report on Friday. Numis Securities Ltd restated a “sell” rating and issued a GBX 285 ($3.53) price objective on shares of Ashmore Group plc in a report on Wednesday, October 5th. Goldman Sachs Group Inc. restated a “buy” rating and issued a GBX 440 ($5.45) price objective on shares of Ashmore Group plc in a report on Tuesday, September 27th. Finally, JPMorgan Chase & Co. increased their price objective on Ashmore Group plc from GBX 250 ($3.09) to GBX 300 ($3.71) and gave the stock an “underweight” rating in a report on Tuesday, September 13th.
Shares of Ashmore Group plc (LON:ASHM) traded down 0.35% during mid-day trading on Tuesday, hitting GBX 366.30. 1,068,955 shares of the company were exchanged. The stock’s 50-day moving average price is GBX 355.89 and its 200 day moving average price is GBX 318.41. The stock’s market cap is GBX 2.44 billion. Ashmore Group plc has a 12-month low of GBX 193.50 and a 12-month high of GBX 378.50.
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The company also recently announced a dividend, which will be paid on Friday, December 2nd. Investors of record on Thursday, November 3rd will be given a GBX 12.10 ($0.15) dividend. This is a boost from Ashmore Group plc’s previous dividend of $4.55. This represents a yield of 3.38%. The ex-dividend date is Thursday, November 3rd.
In related news, insider Shippey,Tom sold 215,780 shares of the firm’s stock in a transaction on Monday, September 19th. The stock was sold at an average price of GBX 341 ($4.22), for a total value of £735,809.80 ($910,655.69).
About Ashmore Group plc
Ashmore Group plc is a United Kingdom-based company, which operates as a markets asset manager. The Company invests client funds in a range of investment themes, such as external debt, local currency, corporate debt, blended debt, equities, alternatives, multi-strategy and overlay/liquidity. It offers a range of investment opportunities in over 70 countries.
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