Goldman Sachs Group Inc. reaffirmed their buy rating on shares of Ashmore Group plc (LON:ASHM) in a research note issued to investors on Tuesday. They currently have a GBX 440 ($5.74) price target on the investment management service provider’s stock.
ASHM has been the topic of several other research reports. Numis Securities Ltd restated a sell rating and issued a GBX 280 ($3.65) target price on shares of Ashmore Group plc in a report on Friday, September 2nd. JPMorgan Chase & Co. increased their price target on shares of Ashmore Group plc from GBX 250 ($3.26) to GBX 300 ($3.92) and gave the stock an underweight rating in a research report on Tuesday, September 13th. BNP Paribas reiterated an underperform rating and issued a GBX 270 ($3.52) price target on shares of Ashmore Group plc in a research report on Friday, August 26th. Credit Suisse Group AG reiterated an underperform rating and issued a GBX 250 ($3.26) price target on shares of Ashmore Group plc in a research report on Monday, July 4th. Finally, Shore Capital reiterated a sell rating on shares of Ashmore Group plc in a research report on Thursday, July 14th. Nine research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. The company has a consensus rating of Sell and a consensus target price of GBX 295.14 ($3.85).
Ashmore Group plc (LON:ASHM) opened at 352.6629 on Tuesday. The company has a 50-day moving average of GBX 354.35 and a 200 day moving average of GBX 314.35. Ashmore Group plc has a 12 month low of GBX 193.50 and a 12 month high of GBX 371.20. The stock’s market capitalization is GBX 2.35 billion.
The firm also recently disclosed a dividend, which will be paid on Friday, December 2nd. Shareholders of record on Thursday, November 3rd will be paid a GBX 12.10 ($0.16) dividend. This is a boost from Ashmore Group plc’s previous dividend of $4.55. This represents a dividend yield of 3.38%. The ex-dividend date is Thursday, November 3rd.
In other Ashmore Group plc news, insider Shippey,Tom sold 215,780 shares of Ashmore Group plc stock in a transaction on Monday, September 19th. The shares were sold at an average price of GBX 341 ($4.45), for a total value of £735,809.80 ($960,461.82).
About Ashmore Group plc
Ashmore Group plc is a United Kingdom-based company, which operates as a markets asset manager. The Company invests client funds in a range of investment themes, such as external debt, local currency, corporate debt, blended debt, equities, alternatives, multi-strategy and overlay/liquidity. It offers a range of investment opportunities in over 70 countries.
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