Ashmore Group plc (ASHM) Receives Reduce Rating from Peel Hunt
A number of other brokerages have also recently weighed in on ASHM. Citigroup Inc. cut shares of Ashmore Group plc to a neutral rating in a research note on Wednesday, July 20th. Numis Securities Ltd restated a sell rating and set a GBX 280 ($3.47) price objective on shares of Ashmore Group plc in a research report on Friday, September 2nd. JPMorgan Chase & Co. upped their price objective on shares of Ashmore Group plc from GBX 220 ($2.72) to GBX 250 ($3.09) and gave the stock an underweight rating in a research report on Friday, July 15th. BNP Paribas restated an underperform rating and set a GBX 270 ($3.34) price objective on shares of Ashmore Group plc in a research report on Friday, August 26th. Finally, Barclays PLC restated an underweight rating and set a GBX 250 ($3.09) price objective on shares of Ashmore Group plc in a research report on Thursday, June 30th. Eight equities research 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. The stock currently has an average rating of Hold and a consensus price target of GBX 315.14 ($3.90).
Ashmore Group plc (LON:ASHM) traded down 1.78% during trading on Friday, reaching GBX 359.00. 508,546 shares of the company were exchanged. Ashmore Group plc has a 12 month low of GBX 193.50 and a 12 month high of GBX 378.50. The stock has a 50 day moving average price of GBX 356.51 and a 200 day moving average price of GBX 320.02. The firm’s market capitalization is GBX 2.39 billion.
The business also recently declared a dividend, which will be paid on Friday, December 2nd. Investors of record on Thursday, November 3rd will be paid a GBX 12.10 ($0.15) dividend. This represents a dividend yield of 3.38%. 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.
In related news, insider Shippey,Tom sold 215,780 shares of Ashmore Group plc stock in a transaction on Monday, September 19th. The shares were 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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