Shore Capital Reiterates Sell Rating for Ashmore Group plc (ASHM)
Ashmore Group plc (LON:ASHM)‘s stock had its “sell” rating restated by research analysts at Shore Capital in a research note issued to investors on Friday.
Other equities research analysts have also issued reports about the company. Numis Securities Ltd reissued a “sell” rating and issued a GBX 285 ($3.53) price target on shares of Ashmore Group plc in a research report on Friday. Peel Hunt reissued a “reduce” rating on shares of Ashmore Group plc in a research report on Friday. Liberum Capital raised Ashmore Group plc to a “hold” rating and increased their price target for the company from GBX 240 ($2.97) to GBX 379 ($4.69) in a research report on Wednesday. Credit Suisse Group AG reissued an “underperform” rating and issued a GBX 305 ($3.77) price target on shares of Ashmore Group plc in a research report on Tuesday, July 12th. Finally, JPMorgan Chase & Co. increased their price target on Ashmore Group plc from GBX 220 ($2.72) to GBX 250 ($3.09) and gave the company an “underweight” rating in a research report on Friday, July 15th. Seven investment 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. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 311.93 ($3.86).
Ashmore Group plc (LON:ASHM) opened at 365.90 on Friday. The company’s market capitalization is GBX 2.44 billion. The firm’s 50-day moving average is GBX 356.48 and its 200-day moving average is GBX 319.71. Ashmore Group plc has a 52-week low of GBX 193.50 and a 52-week high of GBX 378.50.
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The firm also recently declared a dividend, which will be paid on Friday, December 2nd. Shareholders of record on Thursday, November 3rd will be issued a GBX 12.10 ($0.15) dividend. The ex-dividend date 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 Ashmore Group plc news, insider Shippey,Tom sold 215,780 shares of the firm’s stock in a transaction dated 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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