Ashmore Group plc (LON:ASHM) was upgraded by equities research analysts at Numis Securities Ltd to a “reduce” rating in a report released on Monday. The firm currently has a GBX 315 ($3.84) price target on the investment management service provider’s stock. Numis Securities Ltd’s target price would indicate a potential downside of 12.89% from the company’s current price.

ASHM has been the topic of several other reports. JPMorgan Chase & Co. raised their price target on Ashmore Group plc from GBX 250 ($3.05) to GBX 300 ($3.66) 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 ($3.29) price target 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 ($5.36) price target on shares of Ashmore Group plc in a research report on Tuesday, September 27th. Credit Suisse Group AG reaffirmed an “underperform” rating and issued a GBX 250 ($3.05) price target on shares of Ashmore Group plc in a research report on Monday, July 4th. Finally, Macquarie reaffirmed a “neutral” rating and issued a GBX 304 ($3.71) price target on shares of Ashmore Group plc in a research report on Friday, October 7th. Eight 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’s stock. The stock has an average rating of “Hold” and an average price target of GBX 317.93 ($3.87).

Analyst Recommendations for Ashmore Group plc (LON:ASHM)

Ashmore Group plc (LON:ASHM) opened at 358.90 on Monday. The stock’s 50 day moving average price is GBX 356.48 and its 200 day moving average price is GBX 321.63. Ashmore Group plc has a 12-month low of GBX 193.50 and a 12-month high of GBX 378.50. The company’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 issued a GBX 12.10 ($0.15) dividend. The ex-dividend date of this dividend is Thursday, November 3rd. This represents a dividend yield of 3.38%. 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 the firm’s stock in a transaction that occurred on Monday, September 19th. The shares were sold at an average price of GBX 341 ($4.16), for a total value of £735,809.80 ($896,782.21).

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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