Ashmore Group plc (ASHM) Given Sell Rating at Shore Capital
Ashmore Group plc (LON:ASHM)‘s stock had its “sell” rating restated by Shore Capital in a research note issued to investors on Friday.
Other analysts have also issued reports about the company. Numis Securities Ltd reaffirmed a “sell” rating and issued a GBX 285 ($3.53) price target on shares of Ashmore Group plc in a research note on Friday. Peel Hunt reissued a “reduce” rating on shares of Ashmore Group plc in a research note on Friday. Liberum Capital raised Ashmore Group plc to a “hold” rating and boosted their price objective for the stock from GBX 240 ($2.97) to GBX 379 ($4.69) in a research note on Wednesday. Credit Suisse Group AG reissued an “underperform” rating and set a GBX 305 ($3.77) price objective on shares of Ashmore Group plc in a research note on Tuesday, July 12th. Finally, JPMorgan Chase & Co. boosted their price objective on Ashmore Group plc from GBX 220 ($2.72) to GBX 250 ($3.09) and gave the stock an “underweight” rating in a research note on Friday, July 15th. Seven investment analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. Ashmore Group plc has an average rating of “Hold” and a consensus target price of GBX 311.93 ($3.86).
Ashmore Group plc (LON:ASHM) opened at 365.90 on Friday. Ashmore Group plc has a 52 week low of GBX 193.50 and a 52 week high of GBX 378.50. The stock’s market cap is GBX 2.44 billion. The stock’s 50 day moving average price is GBX 356.48 and its 200 day moving average price is GBX 319.71.
The business also recently declared 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. The ex-dividend date is Thursday, November 3rd. This represents a yield of 3.38%.
In other news, insider Shippey,Tom sold 215,780 shares of the stock in a transaction dated Monday, September 19th. The stock was sold at an average price of GBX 341 ($4.22), for a total value 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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