Trade Report: The Ashmore Group plc (ASHM) Stock Rating Reaffirmed by Shore Capital

The Ashmore Group plc (ASHM) Stock Rating Reaffirmed by Shore Capital

Ashmore Group plc (LON:ASHM)‘s stock had its “sell” rating reiterated by stock analysts at Shore Capital in a research report issued to clients and investors on Friday.

Other equities research analysts have also recently issued reports about the stock. Numis Securities Ltd reiterated a “sell” rating and issued a GBX 285 ($3.47) price target on shares of Ashmore Group plc in a research report on Friday. Peel Hunt reiterated a “reduce” rating on shares of Ashmore Group plc in a research report on Friday. Liberum Capital upgraded shares of Ashmore Group plc to a “hold” rating and boosted their price target for the stock from GBX 240 ($2.93) to GBX 379 ($4.62) in a research report on Wednesday, October 12th. BNP Paribas boosted their price target on shares of Ashmore Group plc from GBX 260 ($3.17) to GBX 290 ($3.53) and gave the stock an “underperform” rating in a research report on Tuesday, October 11th. Finally, Macquarie reiterated a “neutral” rating and issued a GBX 304 ($3.71) price target on shares of Ashmore Group plc in a research report on Friday, October 7th. Eight equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. Ashmore Group plc presently has an average rating of “Hold” and a consensus price target of GBX 315.14 ($3.84).

Ashmore Group plc (LON:ASHM) opened at 356.60 on Friday. Ashmore Group plc has a one year low of GBX 193.50 and a one year high of GBX 378.50. The stock’s market cap is GBX 2.38 billion. The stock has a 50 day moving average of GBX 356.33 and a 200-day moving average of GBX 321.11.

The business also recently announced a dividend, which will be paid on Friday, December 2nd. Investors of record on Thursday, November 3rd will be issued a GBX 12.10 ($0.15) dividend. This is a positive change from Ashmore Group plc’s previous dividend of $4.55. This represents a 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 business’s stock in a transaction that occurred on Monday, September 19th. The stock was 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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