Ashmore Group plc (ASHM) Rating Reiterated by Numis Securities Ltd
Ashmore Group plc (LON:ASHM)‘s stock had its “sell” rating reiterated by analysts at Numis Securities Ltd in a report issued on Friday. They currently have a GBX 285 ($3.53) price objective on the investment management service provider’s stock. Numis Securities Ltd’s price objective indicates a potential downside of 21.92% from the company’s previous close.
Several other brokerages have also recently issued reports on ASHM. Citigroup Inc. cut Ashmore Group plc to a “neutral” rating in a research note on Wednesday, July 20th. JPMorgan Chase & Co. lifted 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. BNP Paribas reiterated an “underperform” rating and set a GBX 270 ($3.34) price target on shares of Ashmore Group plc in a research report on Friday, August 26th. Peel Hunt reiterated a “reduce” rating on shares of Ashmore Group plc in a research report on Friday. Finally, Barclays PLC reiterated an “underweight” rating and set a GBX 250 ($3.09) price target on shares of Ashmore Group plc in a research report on Thursday, June 30th. Eight equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. Ashmore Group plc currently has an average rating of “Hold” and an average target price of GBX 311.93 ($3.86).
Ashmore Group plc (LON:ASHM) opened at 364.40 on Friday. The company’s 50 day moving average price is GBX 356.48 and its 200-day moving average price 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. The company’s market capitalization is GBX 2.43 billion.
The firm also recently declared a dividend, which will be paid on Friday, December 2nd. Stockholders of record on Thursday, November 3rd will be paid a GBX 12.10 ($0.15) dividend. This represents a dividend 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 news, insider Shippey,Tom sold 215,780 shares of the company’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).
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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