Ashmore Group plc (LON:ASHM) was upgraded by analysts at Numis Securities Ltd to a “reduce” rating in a research note issued on Monday. The firm currently has a GBX 315 ($3.90) price target on the investment management service provider’s stock. Numis Securities Ltd’s target price points to a potential downside of 13.84% from the company’s current price.
Several other research analysts have also recently issued reports on the company. Macquarie raised their price objective on Ashmore Group plc from GBX 233 ($2.88) to GBX 304 ($3.76) and gave the stock a “neutral” rating in a research note on Monday. JPMorgan Chase & Co. raised their price objective on Ashmore Group plc from GBX 300 ($3.71) to GBX 305 ($3.77) and gave the stock an “underweight” rating in a research note on Monday. BNP Paribas restated an “underperform” rating and issued a GBX 300 ($3.71) price objective on shares of Ashmore Group plc in a research note on Monday. Shore Capital restated a “sell” rating on shares of Ashmore Group plc in a research note on Friday. Finally, Peel Hunt reaffirmed a “reduce” rating on shares of Ashmore Group plc in a report on Friday. Eight 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. The stock presently has an average rating of “Hold” and a consensus price target of GBX 315.14 ($3.90).
Shares of Ashmore Group plc (LON:ASHM) opened at 362.30 on Monday. 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 capitalization is GBX 2.41 billion. The stock’s 50 day moving average price is GBX 356.51 and its 200 day moving average price is GBX 320.02.
The business also recently disclosed a dividend, which will be paid on Friday, December 2nd. Investors of record on Thursday, November 3rd will be given a dividend of GBX 12.10 ($0.15) per share. This is an increase from Ashmore Group plc’s previous dividend of $4.55. The ex-dividend date is Thursday, November 3rd. This represents a yield of 3.38%.
In related news, insider Shippey,Tom sold 215,780 shares of Ashmore Group plc stock in a transaction that occurred on Monday, September 19th. The stock was sold at an average price of GBX 341 ($4.22), for a total transaction of £735,809.80 ($910,655.69).