Ashmore stock rises 2.16 percent despite Deutsche Bank Sell rating

Published on 10/04/2026 at 10:12 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Ashmore stock reached GBp 217.60 on October 2, 2026, while Deutsche Bank set a GBp 155 target and kept its Sell rating. Fiscal 2026 profit before tax rose 17 percent to GBP 126.9 million.

Bauhaus-Poster mit geometrischen Formen und dem Text ASSET MANAGEMENT — Ashmore Group plc (ISIN GB00B132NW22) geometrisches Bauhaus-Poster mit Text ASSET MANAGEMENT in kräftigen Grundfarben, Illustration mit AI erstellt.

Ashmore stock (ISIN GB00B132NW22) rose 2.16 percent to GBp 217.60 on the London Stock Exchange on October 2, 2026, with the official close stamped at 4:35 p.m. London time. The move came as Deutsche Bank raised its price target to GBp 155 from GBp 150 but kept a Sell rating on October 2, 2026, according to Markets Insider.

Profit growth hides a weaker core

Ashmore's audited fiscal 2026 results for the year ended June 30, 2026, showed profit before tax up 17 percent to GBP 126.9 million and diluted earnings per share up 28 percent to GBp 15.0. The figures were reported by FT.com on September 7, 2026.

The headline profit increase was not matched by underlying revenue. Adjusted net revenue fell 7 percent year over year to GBP 135.6 million, while adjusted EBITDA declined 32 percent to GBP 35.7 million and the adjusted EBITDA margin fell to 26 percent from 36 percent, according to the same fiscal 2026 results.

Assets and flows improve

Assets under management increased 13 percent to USD 54.0 billion in fiscal 2026, supported by USD 2.7 billion of net inflows and USD 3.7 billion of investment performance. Gross subscriptions rose 92 percent to USD 12.5 billion, while gross redemptions fell 20 percent to USD 9.8 billion, according to Investegate.

This creates a clear split in the investment case: client flows and assets are recovering, while fee income and profitability remain sensitive to performance fees, foreign exchange and variable compensation linked to seed-capital gains. Cavendish therefore maintained a Sell view and cited a GBp 171 target against a GBp 217.80 share price in its September 24, 2026 assessment, as reported by Yahoo Finance.

October update sets the next test

Ashmore's next trading update is scheduled for October 14, 2026, according to interactive investor. That date should show whether the fiscal 2026 flow recovery is translating into stronger recurring fee income.

Ashmore stock stays below yearly high

Ashmore stock closed at GBp 217.60 on the LSE on October 2, 2026, up GBp 4.60, with a 52-week range of GBp 151 to GBp 276.54 and volume of 784,266 shares. The price remains below Deutsche Bank's revised GBp 155 target only in the target's currency convention? No. Deutsche Bank's GBp 155 target is below the market price, leaving the rating and the flow recovery in direct tension.