Ashmore stock holds after Deutsche Bank raises target

Published on 09/09/2026 at 11:28 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Ashmore stock traded at 212.4 pence on September 8, 2026, after Deutsche Bank raised its target to 150 pence. FY2026 AuM rose 13% to USD 54.0 billion and diluted EPS climbed 28% to 15.0 pence.

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Ashmore Group PLC stock (ISIN GB00B132NW22) traded at 212.4 pence on September 8, 2026, after a broker note kept the debate on valuation alive. Deutsche Bank raised its price target to 150 pence from 145 pence and kept a sell rating, a move that still leaves the stock well above that level.

Results frame the debate

According to Investegate on September 7, 2026, Ashmore reported assets under management of USD 54.0 billion for the year ended June 30, 2026, up 13 percent from the prior year. The same results showed net inflows of USD 2.7 billion and diluted earnings per share of 15.0 pence, up 28 percent year on year.

Adjusted net revenue fell to GBP 135.6 million from GBP 146.5 million, while adjusted EBITDA declined to GBP 35.7 million from GBP 52.5 million. The combination of higher AuM and softer adjusted earnings is the key tension in the shares.

Broker caution remains

As TipRanks reported on September 9, 2026, Jefferies reiterated a Buy rating and a price target of 285.00 pence, while the broader consensus on the same page pointed to a Moderate Sell and an average target of 205.00 pence. That leaves a narrow gap between the consensus target and the latest close of 212.4 pence, but a wider spread to Jefferies' view.

On the trading side, Xetra data in a September 8, 2026 market note put the stock at EUR 1.72 at the close, after a 3.6 percent drop on the day and intraday trading between EUR 1.71 and EUR 1.80. Volume came in at about 45,000 shares, which underlines the move's short-term relevance.

Dividends and capital

According to Investegate, Ashmore kept the final ordinary dividend at 12.1 pence per share for the year ended June 30, 2026, with total dividends per share at 16.9 pence. The group also said it had more than GBP 600 million of financial resources and GBP 609.5 million of capital resources at June 30, 2026.

The same report said Ashmore ended June 30, 2026 with no debt and GBP 364.7 million of cash and deposits. For investors, that balance sheet strength is a counterweight to the cautious broker stance.

Stock around the close

Ashmore stock closed at 212.4 pence on September 8, 2026, or about 41.6 percent above Deutsche Bank's 150 pence target. The shares remain tied to flows, fee income and the next reporting update.