Ashmore Group plc (ASHM) Given Reduce Rating at Peel Hunt
Ashmore Group plc (LON:ASHM)‘s stock had its “reduce” rating restated by research analysts at Peel Hunt in a research note issued to investors on Friday.
Several other equities analysts have also commented on ASHM. BNP Paribas reiterated an “underperform” rating and issued a GBX 260 ($3.22) price target on shares of Ashmore Group plc in a research note on Monday, June 27th. JPMorgan Chase & Co. dropped their price target on shares of Ashmore Group plc from GBX 230 ($2.85) to GBX 220 ($2.72) and set an “underweight” rating on the stock in a research note on Wednesday, June 29th. Barclays PLC reiterated an “underweight” rating and issued a GBX 250 ($3.09) price target on shares of Ashmore Group plc in a research note on Thursday, June 30th. Goldman Sachs Group Inc. reiterated a “neutral” rating and issued a GBX 310 ($3.84) price target on shares of Ashmore Group plc in a research note on Monday, July 4th. Finally, Credit Suisse Group AG restated an “underperform” rating and set a GBX 250 ($3.09) target price on shares of Ashmore Group plc in a research report on Monday, July 4th. Eight analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. Ashmore Group plc presently has a consensus rating of “Hold” and an average target price of GBX 311.93 ($3.86).
Shares of Ashmore Group plc (LON:ASHM) opened at 364.40 on Friday. Ashmore Group plc has a one year low of GBX 193.50 and a one year high of GBX 378.50. The company has a 50-day moving average of GBX 356.48 and a 200 day moving average of GBX 319.71. The stock’s market cap is GBX 2.43 billion.
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The company also recently declared a dividend, which will be paid on Friday, December 2nd. Stockholders of record on Thursday, November 3rd will be given a GBX 12.10 ($0.15) dividend. The ex-dividend date of this dividend is Thursday, November 3rd. This represents a dividend yield of 3.38%. This is a boost from Ashmore Group plc’s previous dividend of $4.55.
In other 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).
Ashmore Group plc Company Profile
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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