Ashmore Group plc (ASHM) Upgraded to Reduce by Numis Securities Ltd
Numis Securities Ltd upgraded shares of Ashmore Group plc (LON:ASHM) to a reduce rating in a research note released on Monday morning. Numis Securities Ltd currently has GBX 315 ($3.84) price target on the investment management service provider’s stock.
Other research analysts have also recently issued research reports about the stock. Peel Hunt cut shares of Ashmore Group plc to a reduce rating and increased their target price for the stock from GBX 310 ($3.78) to GBX 330 ($4.02) in a report on Wednesday, July 20th. Goldman Sachs Group Inc. raised shares of Ashmore Group plc to a buy rating and upped their price target for the stock from GBX 310 ($3.78) to GBX 420 ($5.12) in a research report on Friday, July 15th. JPMorgan Chase & Co. dropped their price target on shares of Ashmore Group plc from GBX 230 ($2.80) to GBX 220 ($2.68) and set an underweight rating on the stock in a research report on Wednesday, June 29th. Credit Suisse Group AG reaffirmed an underperform rating and set a GBX 305 ($3.72) price target on shares of Ashmore Group plc in a research report on Tuesday, July 12th. Finally, BNP Paribas reissued an underperform rating and issued a GBX 260 ($3.17) price objective on shares of Ashmore Group plc in a research report on Monday, June 27th. 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 company’s stock. The company has an average rating of Hold and an average price target of GBX 315.14 ($3.84).
Shares of Ashmore Group plc (LON:ASHM) opened at 364.60 on Monday. The firm has a 50-day moving average of GBX 356.33 and a 200 day moving average of GBX 321.11. Ashmore Group plc has a 52-week low of GBX 193.50 and a 52-week high of GBX 378.50. The firm’s market capitalization is GBX 2.43 billion.
The business also recently declared a dividend, which will be paid on Friday, December 2nd. Investors of record on Thursday, November 3rd will be issued a GBX 12.10 ($0.15) dividend. This is an increase from Ashmore Group plc’s previous dividend of $4.55. This represents a dividend yield of 3.38%. The ex-dividend date is Thursday, November 3rd.
In related news, insider Shippey,Tom sold 215,780 shares of the business’s stock in a transaction dated Monday, September 19th. The shares were sold at an average price of GBX 341 ($4.16), for a total value 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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