Ashmore Group plc (ASHM) Earns “Sell” Rating from Numis Securities Ltd
Ashmore Group plc (LON:ASHM)‘s stock had its “sell” rating reaffirmed by analysts at Numis Securities Ltd in a report released on Wednesday. They currently have a GBX 285 ($3.72) price target on the investment management service provider’s stock. Numis Securities Ltd’s target price points to a potential downside of 23.65% from the stock’s previous close.
Other research analysts have also issued reports about the company. Goldman Sachs Group Inc. upgraded Ashmore Group plc to a “buy” rating and lifted their target price for the company from GBX 310 ($4.05) to GBX 420 ($5.48) in a report on Friday, July 15th. Peel Hunt raised their price target on Ashmore Group plc from GBX 270 ($3.52) to GBX 310 ($4.05) and gave the company a “hold” rating in a research note on Thursday, July 14th. Jefferies Group raised their price target on Ashmore Group plc from GBX 261 ($3.41) to GBX 300 ($3.92) and gave the company a “hold” rating in a research note on Wednesday, July 6th. Societe Generale restated a “hold” rating and issued a GBX 345 ($4.50) price target (up from GBX 295 ($3.85)) on shares of Ashmore Group plc in a research note on Wednesday, September 7th. Finally, Macquarie restated a “neutral” rating and issued a GBX 233 ($3.04) price target on shares of Ashmore Group plc in a research note on Tuesday, July 12th. Nine analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. Ashmore Group plc presently has an average rating of “Sell” and an average price target of GBX 295.50 ($3.86).
Shares of Ashmore Group plc (LON:ASHM) opened at 372.75 on Wednesday. The stock has a 50 day moving average price of GBX 355.00 and a 200-day moving average price of GBX 316.09. Ashmore Group plc has a 52 week low of GBX 193.50 and a 52 week high of GBX 378.14. The stock’s market cap is GBX 2.48 billion.
The firm also recently disclosed a dividend, which will be paid on Friday, December 2nd. Shareholders of record on Thursday, November 3rd will be issued a GBX 12.10 ($0.16) 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 Ashmore Group plc stock in a transaction that occurred on Monday, September 19th. The stock was sold at an average price of GBX 341 ($4.45), for a total value of £735,809.80 ($960,461.82).
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.
Receive News & Ratings for Ashmore Group plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ashmore Group plc and related companies with MarketBeat.com's FREE daily email newsletter.