Ashmore Group plc (ASHM) Upgraded to Hold at Numis Securities Ltd
Numis Securities Ltd upgraded shares of Ashmore Group plc (LON:ASHM) to a hold rating in a research note released on Wednesday morning. The brokerage currently has GBX 285 ($3.56) price objective on the investment management service provider’s stock, down from their prior price objective of GBX 315 ($3.94).
Other research analysts have also issued research reports about the company. Shore Capital reissued a sell rating on shares of Ashmore Group plc in a report on Tuesday, September 6th. Peel Hunt reissued a reduce rating and set a GBX 330 ($4.12) price objective on shares of Ashmore Group plc in a report on Monday, August 15th. Jefferies Group increased their price objective on Ashmore Group plc from GBX 300 ($3.75) to GBX 318 ($3.97) and gave the company a hold rating in a report on Wednesday, September 7th. Liberum Capital raised Ashmore Group plc to a hold rating and increased their price objective for the company from GBX 240 ($3.00) to GBX 379 ($4.74) in a report on Wednesday, October 12th. Finally, Societe Generale reissued a hold rating and set a GBX 345 ($4.31) price objective (up previously from GBX 295 ($3.69)) on shares of Ashmore Group plc in a report on Wednesday, September 7th. Seven equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. Ashmore Group plc has a consensus rating of Hold and a consensus target price of GBX 318.14 ($3.97).
Ashmore Group plc (LON:ASHM) traded down 0.88% during midday trading on Wednesday, hitting GBX 293.90. The company had a trading volume of 356,176 shares. Ashmore Group plc has a one year low of GBX 193.50 and a one year high of GBX 378.50. The company’s market cap is GBX 1.96 billion. The company’s 50 day moving average is GBX 341.50 and its 200-day moving average is GBX 327.90.
The firm also recently declared a dividend, which will be paid on Friday, December 2nd. Shareholders of record on Thursday, November 3rd will be issued a GBX 12.10 ($0.15) dividend. This is an increase from Ashmore Group plc’s previous dividend of $4.55. This represents a dividend yield of 3.38%. The ex-dividend date of this dividend is Thursday, November 3rd.
In related 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 ($4.26), for a total transaction of £735,809.80 ($919,302.60).
About Ashmore Group plc
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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