Ashmore Group plc (ASHM) PT Raised to GBX 290
Ashmore Group plc (LON:ASHM) had its target price boosted by stock analysts at BNP Paribas from GBX 260 ($3.22) to GBX 290 ($3.59) in a report released on Tuesday. The brokerage presently has an “underperform” rating on the investment management service provider’s stock. BNP Paribas’ price objective suggests a potential downside of 21.11% from the stock’s current price.
A number of other brokerages have also issued reports on ASHM. Macquarie reaffirmed a “neutral” rating and set a GBX 304 ($3.76) price target on shares of Ashmore Group plc in a research note on Friday. Numis Securities Ltd reissued a “sell” rating and set a GBX 285 ($3.53) price objective on shares of Ashmore Group plc in a research note on Wednesday, October 5th. Peel Hunt reissued a “reduce” rating and set a GBX 330 ($4.08) price objective on shares of Ashmore Group plc in a research note on Monday, August 15th. Barclays PLC raised their price objective on Ashmore Group plc from GBX 250 ($3.09) to GBX 270 ($3.34) and gave the stock an “underweight” rating in a research note on Wednesday, September 7th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and set a GBX 250 ($3.09) price objective on shares of Ashmore Group plc in a research note on Wednesday, September 7th. Nine research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. Ashmore Group plc presently has a consensus rating of “Sell” and a consensus target price of GBX 300.57 ($3.72).
Shares of Ashmore Group plc (LON:ASHM) traded down 0.11% during midday trading on Tuesday, reaching GBX 367.20. The company’s stock had a trading volume of 690,879 shares. The stock has a 50-day moving average price of GBX 355.89 and a 200 day moving average price of GBX 318.41. The stock’s market capitalization is GBX 2.45 billion. Ashmore Group plc has a 52 week low of GBX 193.50 and a 52 week high of GBX 378.50.
The business also recently announced a dividend, which will be paid on Friday, December 2nd. Shareholders of record on Thursday, November 3rd will be issued a dividend of GBX 12.10 ($0.15) per share. This is a positive change from Ashmore Group plc’s previous dividend of $4.55. This represents a yield of 3.38%. The ex-dividend date of this dividend is Thursday, November 3rd.
In other Ashmore Group plc news, insider Shippey,Tom sold 215,780 shares of the firm’s stock in a transaction dated Monday, September 19th. The stock was sold at an average price of GBX 341 ($4.22), for a total transaction of £735,809.80 ($910,655.69).
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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