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Ashmore Group PLC ( (GB:ASHM) ) just unveiled an update.
Ashmore Group PLC announced a series of transactions involving its ordinary shares. Tom Shippey, a director at Ashmore, had 191,621 share awards vest under the company’s Executive Omnibus Incentive Plan, with 58,319 share awards lapsing. Additionally, 153,297 shares were sold at £1.657 each, and 38,324 shares were transferred to Antonia Fay Shippey, a person closely associated with Tom Shippey. These transactions highlight internal share movements and may reflect strategic financial decisions within the company.
The most recent analyst rating on (GB:ASHM) stock is a Buy with a £170.00 price target. To see the full list of analyst forecasts on Ashmore Group PLC stock, see the GB:ASHM Stock Forecast page.
Spark’s Take on GB:ASHM Stock
According to Spark, TipRanks’ AI Analyst, GB:ASHM is a Outperform.
Ashmore Group PLC’s robust technical indicators and positive corporate events drive a strong overall stock score. While financial performance shows profitability and stability, the decline in revenue and cash flow remains a concern. Valuation metrics suggest fair pricing with a high dividend yield, making the stock attractive for income-seeking investors.
To see Spark’s full report on GB:ASHM stock, click here.
More about Ashmore Group PLC
Ashmore Group PLC is a specialist emerging markets investment manager, focusing on a range of investment strategies including external debt, local currency, corporate debt, blended debt, equities, and alternatives. The company is known for its expertise in managing assets in emerging markets, catering to a global client base.
Average Trading Volume: 838,561
Technical Sentiment Signal: Hold
Current Market Cap: £1.09B
Learn more about ASHM stock on TipRanks’ Stock Analysis page.