Numis Gives Ashmore Group PLC (LON:ASHM) GBX 386.00 Target; Allianzgi Convertible & Income Fund (NCV) Shorts Down By 16.51%

Ashmore Group PLC (LON:ASHM) Logo

Allianzgi Convertible & Income Fund (NYSE:NCV) had a decrease of 16.51% in short interest. NCV’s SI was 744,100 shares in April as released by FINRA. Its down 16.51% from 891,200 shares previously. With 237,800 avg volume, 3 days are for Allianzgi Convertible & Income Fund (NYSE:NCV)’s short sellers to cover NCV’s short positions. The stock increased 0.44% or $0.03 during the last trading session, reaching $6.78. About 214,316 shares traded. AllianzGI Convertible & Income Fund (NYSE:NCV) has risen 1.69% since April 17, 2017 and is uptrending. It has underperformed by 9.86% the S&P500.

Ashmore Group PLC (LON:ASHM)‘s rating was upgraded by stock research analysts at Numis to a “Hold”. They have a target price of GBX 386.00 on ASHM. Numis’s target price would indicate a potential downside of -8.10% from the stock’s last stock price.

Ashmore Group plc is a publicly owned investment manager. The company has market cap of 2.81 billion GBP. The firm primarily provides its services to retail and institutional clients. It has a 19.92 P/E ratio. It manages separate client-focused equity and fixed income portfolios.

The stock increased 6.16% or GBX 24.4 during the last trading session, reaching GBX 420.4. About 1.61M shares traded. Ashmore Group PLC (LON:ASHM) has 0.00% since April 17, 2017 and is . It has underperformed by 11.55% the S&P500.

Among 20 analysts covering Ashmore Group PLC (LON:ASHM), 5 have Buy rating, 5 Sell and 10 Hold. Therefore 25% are positive. Ashmore Group PLC has GBX 450 highest and GBX 181 lowest target. GBX 365.10’s average target is -13.15% below currents GBX 420.4 stock price. Ashmore Group PLC had 213 analyst reports since July 29, 2015 according to SRatingsIntel. JP Morgan maintained Ashmore Group PLC (LON:ASHM) on Tuesday, January 17 with “Underweight” rating. Liberum Capital maintained it with “Hold” rating and GBX 248 target in Thursday, January 14 report. The stock of Ashmore Group PLC (LON:ASHM) has “Neutral” rating given on Thursday, August 24 by Macquarie Research. On Tuesday, January 12 the stock rating was maintained by JP Morgan with “Underweight”. Liberum Capital maintained Ashmore Group PLC (LON:ASHM) rating on Friday, October 14. Liberum Capital has “Hold” rating and GBX 379 target. The company was maintained on Friday, January 19 by Canaccord Genuity. The stock of Ashmore Group PLC (LON:ASHM) has “Underweight” rating given on Tuesday, February 16 by J.P. Morgan. The rating was maintained by Goldman Sachs on Tuesday, May 30 with “Buy”. The stock of Ashmore Group PLC (LON:ASHM) earned “Neutral” rating by BNP Paribas on Friday, April 8. The firm has “Buy” rating by Peel Hunt given on Monday, December 7.

Investors sentiment increased to 2 in Q4 2017. Its up 1.35, from 0.65 in 2017Q3. It increased, as 4 investors sold AllianzGI Convertible & Income Fund shares while 9 reduced holdings. 10 funds opened positions while 16 raised stakes. 9.79 million shares or 5.80% more from 9.25 million shares in 2017Q3 were reported. Nine Masts Capital has invested 0.05% in AllianzGI Convertible & Income Fund (NYSE:NCV). Rbo And Ltd Liability Com, a California-based fund reported 15,575 shares. Retail Bank Of America Corp De, a North Carolina-based fund reported 1.67 million shares. Moreover, North Star Invest Mngmt Corp has 0% invested in AllianzGI Convertible & Income Fund (NYSE:NCV). Pnc Financial Svcs Gru Inc reported 7,022 shares. National Asset stated it has 0.01% in AllianzGI Convertible & Income Fund (NYSE:NCV). Oxbow Limited Liability Company holds 0.05% or 38,738 shares. Tower Research Ltd Limited Liability Company (Trc) has invested 0% of its portfolio in AllianzGI Convertible & Income Fund (NYSE:NCV). Citadel Advsrs Llc stated it has 19,382 shares or 0% of all its holdings. Hightower Advsr Ltd Liability Company accumulated 0% or 24,707 shares. 62,399 were accumulated by Lpl Fincl Limited Liability Company. Next Gru Incorporated holds 0.08% of its portfolio in AllianzGI Convertible & Income Fund (NYSE:NCV) for 26,190 shares. Citigroup has invested 0% of its portfolio in AllianzGI Convertible & Income Fund (NYSE:NCV). 347,728 are owned by Advsr Asset Mngmt Inc. Invesco owns 24,715 shares.