Peel Hunt Reiterates “Reduce” Rating for Ashmore Group plc (ASHM)
Ashmore Group plc (LON:ASHM)‘s stock had its “reduce” rating restated by investment analysts at Peel Hunt in a research report issued to clients and investors on Friday.
Other research analysts also recently issued research reports about the stock. Goldman Sachs Group Inc. raised shares of Ashmore Group plc to a “buy” rating and upped their target price for the stock from GBX 310 ($3.78) to GBX 420 ($5.12) in a report on Friday, July 15th. Jefferies Group upped their target price on shares of Ashmore Group plc from GBX 261 ($3.18) to GBX 300 ($3.66) and gave the stock a “hold” rating in a report on Wednesday, July 6th. Societe Generale reaffirmed a “hold” rating and issued a GBX 345 ($4.20) target price (up previously from GBX 295 ($3.60)) on shares of Ashmore Group plc in a report on Wednesday, September 7th. Liberum Capital raised shares of Ashmore Group plc to a “hold” rating and upped their target price for the stock from GBX 240 ($2.93) to GBX 379 ($4.62) in a report on Wednesday, October 12th. Finally, Macquarie reaffirmed a “neutral” rating and issued a GBX 233 ($2.84) target price on shares of Ashmore Group plc in a report on Tuesday, July 12th. Eight investment analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of GBX 315.14 ($3.84).
Shares of Ashmore Group plc (LON:ASHM) opened at 356.60 on Friday. Ashmore Group plc has a 52-week low of GBX 193.50 and a 52-week high of GBX 378.50. The firm’s 50 day moving average price is GBX 356.33 and its 200 day moving average price is GBX 321.11. The stock’s market cap is GBX 2.38 billion.
The business also recently announced 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 is an increase from Ashmore Group plc’s previous dividend of $4.55. This represents a yield of 3.38%. The ex-dividend date is Thursday, November 3rd.
In other news, insider Shippey,Tom sold 215,780 shares of the stock in a transaction that occurred on Monday, September 19th. The shares were sold at an average price of GBX 341 ($4.16), for a total transaction of £735,809.80 ($896,782.21).
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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