Trading Report: Today, Ashmore Group plc (ASHM) Receives “Underperform” Rating from BNP Paribas

Today, Ashmore Group plc (ASHM) Receives “Underperform” Rating from BNP Paribas

BNP Paribas reaffirmed their underperform rating on shares of Ashmore Group plc (LON:ASHM) in a research note released on Monday morning. They currently have a GBX 300 ($3.66) price objective on the investment management service provider’s stock.

Several other equities analysts have also recently commented on the stock. Peel Hunt cut shares of Ashmore Group plc to a reduce rating and increased their price target for the stock from GBX 310 ($3.78) to GBX 330 ($4.02) in a research report on Wednesday, July 20th. Goldman Sachs Group Inc. upgraded shares of Ashmore Group plc to a buy rating and increased their price objective for the stock from GBX 310 ($3.78) to GBX 420 ($5.12) in a research note on Friday, July 15th. JPMorgan Chase & Co. dropped their price objective on shares of Ashmore Group plc from GBX 230 ($2.80) to GBX 220 ($2.68) and set an underweight rating on the stock in a research note on Wednesday, June 29th. Credit Suisse Group AG reiterated an underperform rating and set a GBX 305 ($3.72) price objective on shares of Ashmore Group plc in a research note on Tuesday, July 12th. Finally, Shore Capital reiterated a sell rating on shares of Ashmore Group plc in a research note on Tuesday, September 6th. Eight equities 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’s stock. Ashmore Group plc has an average rating of Hold and an average price target of GBX 315.14 ($3.84).

Shares of Ashmore Group plc (LON:ASHM) opened at 364.70 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’s 50 day moving average price is GBX 356.33 and its 200 day moving average price is GBX 321.11. The stock’s market cap is GBX 2.43 billion.

The company also recently disclosed a dividend, which will be paid on Friday, December 2nd. Investors of record on Thursday, November 3rd will be paid a GBX 12.10 ($0.15) dividend. This is a positive change from Ashmore Group plc’s previous dividend of $4.55. The ex-dividend date of this dividend is Thursday, November 3rd. This represents a yield of 3.38%.

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).

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