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Ashmore Group PLC ( (GB:ASHM) ) just unveiled an update.
Ashmore Group PLC, a UK-based company, has announced a change in its major holdings, with BlackRock, Inc. increasing its voting rights in the company. This adjustment in voting rights, which now stand at 5.38%, reflects a slight decrease from the previous position of 5.43%, indicating a strategic move by BlackRock in its investment approach.
The most recent analyst rating on (GB:ASHM) stock is a Hold with a £197.00 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 financial stability and attractive valuation, including a high dividend yield, are significant strengths. However, declining revenue and cash flow, along with recent challenges in asset management, temper the overall outlook.
To see Spark’s full report on GB:ASHM stock, click here.
More about Ashmore Group PLC
Average Trading Volume: 1,056,527
Technical Sentiment Signal: Strong Sell
Current Market Cap: £1.03B
For detailed information about ASHM stock, go to TipRanks’ Stock Analysis page.