Ashmore Group plc (ASHM) Receives Consensus Rating of “Sell” from Brokerages
Shares of Ashmore Group plc (LON:ASHM) have been assigned an average recommendation of “Sell” from the fifteen analysts that are covering the stock. Nine analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and one has given a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is GBX 302.15 ($3.74).
ASHM has been the topic of a number of recent analyst reports. Numis Securities Ltd reaffirmed a “sell” rating and issued a GBX 280 ($3.47) target price on shares of Ashmore Group plc in a research report on Friday, September 2nd. JPMorgan Chase & Co. increased their target price on shares of Ashmore Group plc from GBX 250 ($3.09) to GBX 300 ($3.71) and gave the company an “underweight” rating in a research report on Tuesday, September 13th. BNP Paribas reaffirmed an “underperform” rating and issued a GBX 270 ($3.34) target price on shares of Ashmore Group plc in a research report on Friday, August 26th. Goldman Sachs Group Inc. reaffirmed a “buy” rating and issued a GBX 440 ($5.45) target price on shares of Ashmore Group plc in a research report on Tuesday, September 27th. Finally, Credit Suisse Group AG reiterated an “underperform” rating and set a GBX 250 ($3.09) price target on shares of Ashmore Group plc in a research note on Monday, July 4th.
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 shares were sold at an average price of GBX 341 ($4.22), for a total transaction of £735,809.80 ($910,655.69).
Ashmore Group plc (LON:ASHM) traded down 0.35% during mid-day trading on Tuesday, hitting GBX 366.30. 1,068,955 shares of the stock were exchanged. Ashmore Group plc has a one year low of GBX 193.50 and a one year high of GBX 378.50. The company has a 50-day moving average price of GBX 355.89 and a 200-day moving average price of GBX 318.41. The company’s market cap is GBX 2.44 billion.
The firm 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 an increase 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.
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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