BNP Paribas Reiterates Underperform Rating for Ashmore Group plc (ASHM)
Ashmore Group plc (LON:ASHM)‘s stock had its “underperform” rating reaffirmed by equities research analysts at BNP Paribas in a report released on Monday. They currently have a GBX 300 ($3.71) price target on the investment management service provider’s stock. BNP Paribas’ target price would indicate a potential downside of 17.92% from the stock’s previous close.
Several other equities research analysts also recently commented on ASHM. Shore Capital restated a “sell” rating on shares of Ashmore Group plc in a research report on Friday. Numis Securities Ltd reiterated a “sell” rating and issued a GBX 285 ($3.53) price objective on shares of Ashmore Group plc in a research note on Friday. Peel Hunt reiterated a “reduce” rating on shares of Ashmore Group plc in a research note on Friday. Liberum Capital upgraded shares of 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 note on Wednesday, October 12th. Finally, Macquarie reiterated a “neutral” rating and issued a GBX 304 ($3.76) price objective on shares of Ashmore Group plc in a research note on Friday, October 7th. Eight investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of GBX 313 ($3.87).
Shares of Ashmore Group plc (LON:ASHM) opened at 365.50 on Monday. The stock’s 50 day moving average is GBX 356.51 and its 200 day moving average is GBX 320.02. The stock’s market capitalization is GBX 2.43 billion. 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 disclosed a dividend, which will be paid on Friday, December 2nd. Stockholders of record on Thursday, November 3rd will be issued a dividend of GBX 12.10 ($0.15) per share. This represents a dividend yield of 3.38%. This is an increase from Ashmore Group plc’s previous dividend of $4.55. The ex-dividend date is Thursday, November 3rd.
In other news, insider Shippey,Tom sold 215,780 shares of the firm’s stock in a transaction dated Monday, September 19th. The shares were sold at an average price of GBX 341 ($4.22), for a total transaction 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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