BNP Paribas reiterated their underperform rating on shares of Ashmore Group plc (LON:ASHM) in a research report released on Monday morning. They currently have a GBX 300 ($3.75) target price on the investment management service provider’s stock.
Several other research analysts also recently commented on the company. Macquarie raised their price objective on Ashmore Group plc from GBX 233 ($2.91) to GBX 304 ($3.80) and gave the stock a neutral rating in a research note on Monday, October 17th. Credit Suisse Group AG reaffirmed an underperform rating and issued a GBX 344 ($4.30) price objective on shares of Ashmore Group plc in a research note on Tuesday, October 18th. Numis Securities Ltd raised Ashmore Group plc to a reduce rating and set a GBX 315 ($3.94) price objective on the stock in a research note on Monday, October 17th. Liberum Capital raised Ashmore Group plc to a hold rating and raised their price objective for the stock from GBX 240 ($3.00) to GBX 379 ($4.74) in a research note on Wednesday, October 12th. Finally, Shore Capital reaffirmed a sell rating on shares of Ashmore Group plc in a research note on Tuesday, September 6th. Seven investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of GBX 318.14 ($3.97).
Shares of Ashmore Group plc (LON:ASHM) opened at 294.60 on Monday. The company’s market cap is GBX 1.96 billion. Ashmore Group plc has a 12 month low of GBX 193.50 and a 12 month high of GBX 378.50. 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 firm also recently declared a dividend, which will be paid on Friday, December 2nd. Investors of record on Thursday, November 3rd will be paid a dividend of GBX 12.10 ($0.15) per share. This is a positive change from Ashmore Group plc’s previous dividend of $4.55. This represents a dividend yield of 3.38%. The ex-dividend date is Thursday, November 3rd.
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 stock was sold at an average price of GBX 341 ($4.26), for a total transaction of £735,809.80 ($919,302.60).