Ashmore Group plc (ASHM) Earns “Sell” Rating from Numis Securities Ltd
Ashmore Group plc (LON:ASHM)‘s stock had its “sell” rating restated by research analysts at Numis Securities Ltd in a research note issued to investors on Wednesday. They presently have a GBX 285 ($3.72) price target on the investment management service provider’s stock. Numis Securities Ltd’s price objective points to a potential downside of 23.65% from the company’s current price.
Other analysts also recently issued research reports about the company. Goldman Sachs Group Inc. raised Ashmore Group plc to a “buy” rating and lifted their target price for the company from GBX 310 ($4.05) to GBX 420 ($5.48) in a research note on Friday, July 15th. Peel Hunt raised their price target on Ashmore Group plc from GBX 270 ($3.52) to GBX 310 ($4.05) and gave the company a “hold” rating in a report on Thursday, July 14th. Jefferies Group raised their price target on Ashmore Group plc from GBX 261 ($3.41) to GBX 300 ($3.92) and gave the company a “hold” rating in a report on Wednesday, July 6th. Societe Generale restated a “hold” rating and set a GBX 345 ($4.50) price target (up previously from GBX 295 ($3.85)) on shares of Ashmore Group plc in a report on Wednesday, September 7th. Finally, Macquarie restated a “neutral” rating and set a GBX 233 ($3.04) price target on shares of Ashmore Group plc in a report on Tuesday, July 12th. Nine investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Sell” and an average target price of GBX 295.50 ($3.86).
Ashmore Group plc (LON:ASHM) opened at 372.75 on Wednesday. The company’s 50 day moving average price is GBX 355.00 and its 200-day moving average price is GBX 316.09. Ashmore Group plc has a one year low of GBX 193.50 and a one year high of GBX 378.14. The company’s market cap is GBX 2.48 billion.
The company also recently announced a dividend, which will be paid on Friday, December 2nd. Shareholders of record on Thursday, November 3rd will be given a dividend of GBX 12.10 ($0.16) per share. 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. This represents a yield of 3.38%.
In other news, insider Shippey,Tom sold 215,780 shares of the business’s stock in a transaction on Monday, September 19th. The stock was sold at an average price of GBX 341 ($4.45), for a total value of £735,809.80 ($960,461.82).
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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