Ashmore Group plc’s (ASHM) “Underperform” Rating Reaffirmed at BNP Paribas
Ashmore Group plc (LON:ASHM)‘s stock had its “underperform” rating restated by equities research analysts at BNP Paribas in a research report issued to clients and investors on Monday. They currently have a GBX 300 ($3.75) price target on the investment management service provider’s stock. BNP Paribas’ price target suggests a potential upside of 1.69% from the stock’s previous close.
Several other equities analysts have also weighed in on the stock. Macquarie raised their price objective on shares of Ashmore Group plc from GBX 233 ($2.91) to GBX 304 ($3.80) and gave the company a “neutral” rating in a research report on Monday, October 17th. Credit Suisse Group AG reaffirmed an “underperform” rating and set a GBX 344 ($4.30) price objective on shares of Ashmore Group plc in a research report on Tuesday, October 18th. Numis Securities Ltd raised shares of Ashmore Group plc to a “reduce” rating and set a GBX 315 ($3.94) price objective on the stock in a research report on Monday, October 17th. Liberum Capital raised shares of Ashmore Group plc to a “hold” rating and raised their price objective for the company from GBX 240 ($3.00) to GBX 379 ($4.74) in a research report on Wednesday, October 12th. Finally, Shore Capital reaffirmed a “sell” rating on shares of Ashmore Group plc in a research report on Tuesday, September 6th. Eight research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of GBX 320.29 ($4.00).
Ashmore Group plc (LON:ASHM) opened at 293.10 on Monday. Ashmore Group plc has a 52-week low of GBX 193.50 and a 52-week high of GBX 378.50. The stock has a 50 day moving average of GBX 346.34 and a 200-day moving average of GBX 327.65. The company’s market capitalization is GBX 1.95 billion.
The company also recently announced a dividend, which will be paid on Friday, December 2nd. Stockholders 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 an increase from Ashmore Group plc’s previous dividend of $4.55.
In other news, insider Shippey,Tom sold 215,780 shares of the business’s stock in a transaction on Monday, September 19th. The shares were sold at an average price of GBX 341 ($4.26), for a total value of £735,809.80 ($919,302.60).
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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