Numis Securities Ltd reaffirmed their sell rating on shares of Ashmore Group plc (LON:ASHM) in a report released on Friday morning. They currently have a GBX 285 ($3.47) price objective on the investment management service provider’s stock.
Several other brokerages also recently commented on ASHM. Citigroup Inc. downgraded shares of Ashmore Group plc to a neutral rating in a research report on Wednesday, July 20th. JPMorgan Chase & Co. increased their price objective on shares of Ashmore Group plc from GBX 220 ($2.68) to GBX 250 ($3.05) and gave the company an underweight rating in a research report on Friday, July 15th. BNP Paribas reissued an underperform rating and set a GBX 270 ($3.29) price objective on shares of Ashmore Group plc in a research report on Friday, August 26th. Peel Hunt reissued a reduce rating on shares of Ashmore Group plc in a research report on Friday, October 14th. Finally, Barclays PLC reissued an underweight rating and set a GBX 250 ($3.05) price objective on shares of Ashmore Group plc in a research report on Thursday, June 30th. Eight investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of GBX 317.93 ($3.87).
Shares of Ashmore Group plc (LON:ASHM) opened at 359.16 on Friday. The firm has a 50-day moving average of GBX 356.48 and a 200 day moving average of 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 company’s market cap is GBX 2.39 billion.
The business also recently disclosed a dividend, which will be paid on Friday, December 2nd. Stockholders of record on Thursday, November 3rd will be given a dividend of GBX 12.10 ($0.15) per share. The ex-dividend date is Thursday, November 3rd. This represents a dividend yield of 3.38%. This is a boost from Ashmore Group plc’s previous dividend of $4.55.
In other news, insider Shippey,Tom sold 215,780 shares of Ashmore Group plc 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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