Ashmore Group plc (LON:ASHM) was upgraded by Numis Securities Ltd to a “hold” rating in a research report issued on Wednesday. The brokerage currently has a 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). Numis Securities Ltd’s price objective would suggest a potential downside of 3.26% from the company’s previous close.
ASHM has been the subject of a number of other research reports. Shore Capital reiterated a “sell” rating on shares of Ashmore Group plc in a report on Tuesday, September 6th. Barclays PLC lifted their target price on Ashmore Group plc from GBX 250 ($3.12) to GBX 270 ($3.37) and gave the stock an “underweight” rating in a report on Wednesday, September 7th. Goldman Sachs Group Inc. reiterated a “buy” rating and issued a GBX 440 ($5.50) target price on shares of Ashmore Group plc in a report on Tuesday, September 27th. Credit Suisse Group AG reiterated an “underperform” rating and issued a GBX 344 ($4.30) target price on shares of Ashmore Group plc in a report on Tuesday, October 18th. Finally, Liberum Capital reiterated a “sell” rating and issued a GBX 240 ($3.00) target price on shares of Ashmore Group plc in a report on Tuesday, September 6th. Seven investment analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of GBX 318.14 ($3.97).
Ashmore Group plc (LON:ASHM) opened at 295.60 on Wednesday. The firm has a 50-day moving average price of GBX 339.37 and a 200-day moving average price of GBX 327.67. The company’s market cap is GBX 1.97 billion. Ashmore Group plc has a 12-month low of GBX 193.50 and a 12-month high of GBX 378.50.
The firm also recently declared a dividend, which will be paid on Friday, December 2nd. Shareholders of record on Thursday, November 3rd will be paid a GBX 12.10 ($0.15) dividend. The ex-dividend date of this dividend is Thursday, November 3rd. This is a boost from Ashmore Group plc’s previous dividend of $4.55. This represents a yield of 3.38%.
In other Ashmore Group plc 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 value of £735,809.80 ($919,302.60).