BNP Paribas Reiterates “Underperform” Rating for Ashmore Group plc (ASHM)
Ashmore Group plc (LON:ASHM)‘s stock had its “underperform” rating restated by research analysts at BNP Paribas in a report issued on Monday. They currently have a GBX 300 ($3.66) price objective on the investment management service provider’s stock. BNP Paribas’ price objective would indicate a potential downside of 17.04% from the stock’s current price.
A number of other analysts have also weighed in on ASHM. Shore Capital reaffirmed a “sell” rating on shares of Ashmore Group plc in a research note on Thursday, July 14th. Jefferies Group upped their price target on shares of Ashmore Group plc from GBX 300 ($3.66) to GBX 318 ($3.88) and gave the stock a “hold” rating in a research note on Wednesday, September 7th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a GBX 250 ($3.05) price target on shares of Ashmore Group plc in a research note on Wednesday, September 7th. Peel Hunt upped their price target on shares of Ashmore Group plc from GBX 270 ($3.29) to GBX 310 ($3.78) and gave the stock a “hold” rating in a research note on Thursday, July 14th. Finally, Goldman Sachs Group Inc. reaffirmed a “neutral” rating and issued a GBX 310 ($3.78) price target on shares of Ashmore Group plc in a research note on Monday, July 4th. Eight analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of GBX 317.93 ($3.87).
Shares of Ashmore Group plc (LON:ASHM) opened at 357.80 on Monday. The firm’s market cap is GBX 2.38 billion. The company’s 50-day moving average is GBX 356.48 and its 200-day moving average is GBX 321.63. Ashmore Group plc has a 12 month low of GBX 193.50 and a 12 month high of GBX 378.50.
The business also recently disclosed 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 represents a yield of 3.38%. The ex-dividend date of this dividend 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 the company’s 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 value of £735,809.80 ($896,782.21).
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.
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