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Barclays Issues a Sell Rating on Ashmore Group PLC (ASHM)

Tipranks - Tipranks - Sat Apr 11, 10:34PM CDT

Barclays analyst Michael Sanderson assigned a Sell rating to the stock yesterday. The company’s shares closed yesterday at p218.60.

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Sanderson covers the Financial sector, focusing on stocks such as London Stock Exchange, 3i Group plc, and Ashmore Group PLC. According to TipRanks, Sanderson has an average return of 1.3% and a 52.19% success rate on recommended stocks.

In addition to Barclays, Ashmore Group PLC also received a Sell from Morgan Stanley’s Marina Massuti in a report issued on April 7. However, on April 8, TipRanks – OpenAI upgraded Ashmore Group PLC (LSE: ASHM) to a Buy.

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Based on Ashmore Group PLC’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of p79.6 million and a net profit of p69.4 million. In comparison, last year the company earned a revenue of p77.5 million and had a net profit of p37.1 million

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