Ashmore Group plc (LON:ASHM)‘s stock had its “sell” rating restated by stock analysts at Numis Securities Ltd in a research report issued to clients and investors on Friday. They presently have a GBX 285 ($3.53) target price on the investment management service provider’s stock. Numis Securities Ltd’s price objective suggests a potential downside of 21.92% from the company’s current price.

A number of other analysts have also recently commented on ASHM. BNP Paribas restated an “underperform” rating and set a GBX 260 ($3.22) target price on shares of Ashmore Group plc in a report on Monday, June 27th. JPMorgan Chase & Co. dropped their price target on shares of Ashmore Group plc from GBX 230 ($2.85) to GBX 220 ($2.72) and set an “underweight” rating on the stock in a research note on Wednesday, June 29th. Barclays PLC reiterated an “underweight” rating and issued a GBX 250 ($3.09) price target on shares of Ashmore Group plc in a research note on Thursday, June 30th. Goldman Sachs Group Inc. reiterated a “neutral” rating and issued a GBX 310 ($3.84) price target on shares of Ashmore Group plc in a research note on Monday, July 4th. Finally, Credit Suisse Group AG reiterated an “underperform” rating and issued a GBX 250 ($3.09) price target on shares of Ashmore Group plc in a research note on Monday, July 4th. Eight investment analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 311.93 ($3.86).

Analyst Recommendations for Ashmore Group plc (LON:ASHM)

Ashmore Group plc (LON:ASHM) opened at 364.40 on Friday. Ashmore Group plc has a 12 month low of GBX 193.50 and a 12 month high of GBX 378.50. The firm’s 50-day moving average is GBX 356.48 and its 200-day moving average is GBX 319.71. The company’s market cap is GBX 2.43 billion.

The business also recently disclosed a dividend, which will be paid on Friday, December 2nd. Investors of record on Thursday, November 3rd will be paid a dividend of GBX 12.10 ($0.15) per share. The ex-dividend date of this dividend is Thursday, November 3rd. This is an increase from Ashmore Group plc’s previous dividend of $4.55. This represents a dividend yield of 3.38%.

In related news, insider Shippey,Tom sold 215,780 shares of the business’s stock in a transaction that occurred on 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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