Ashmore Group plc (ASHM) Lifted to “Reduce” at Numis Securities Ltd
Ashmore Group plc (LON:ASHM) was upgraded by equities research analysts at Numis Securities Ltd to a “reduce” rating in a research report issued on Monday. The brokerage presently has a GBX 315 ($3.90) target price on the investment management service provider’s stock. Numis Securities Ltd’s target price suggests a potential downside of 13.84% from the company’s previous close.
Several other research firms also recently weighed in on ASHM. Macquarie restated a “neutral” rating and issued a GBX 304 ($3.76) price target on shares of Ashmore Group plc in a research note on Friday, October 7th. BNP Paribas upped their price objective on Ashmore Group plc from GBX 260 ($3.22) to GBX 290 ($3.59) and gave the company an “underperform” rating in a research report on Tuesday, October 11th. Liberum Capital raised Ashmore Group plc to a “hold” rating and upped their price objective for the company from GBX 240 ($2.97) to GBX 379 ($4.69) in a research report on Wednesday, October 12th. JPMorgan Chase & Co. upped their price objective on Ashmore Group plc from GBX 300 ($3.71) to GBX 305 ($3.77) and gave the company an “underweight” rating in a research report on Monday. Finally, Peel Hunt reaffirmed a “reduce” rating on shares of Ashmore Group plc in a research report on Friday. Eight investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of GBX 315.14 ($3.90).
Shares of Ashmore Group plc (LON:ASHM) opened at 362.30 on Monday. Ashmore Group plc has a one year low of GBX 193.50 and a one year high of GBX 378.50. The company’s market capitalization is GBX 2.41 billion. The company’s 50-day moving average price is GBX 356.51 and its 200-day moving average price is GBX 320.02.
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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 paid a GBX 12.10 ($0.15) dividend. This represents a yield of 3.38%. The ex-dividend date is Thursday, November 3rd. This is a positive change 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 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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