Ashmore Group plc (LON:ASHM) has been assigned an average recommendation of “Hold” from the fifteen brokerages that are covering the firm. Eight research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and one has issued a buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is GBX 311.42 ($3.85).
ASHM has been the subject of a number of research reports. Numis Securities Ltd reiterated a “sell” rating and issued a GBX 280 ($3.47) price objective on shares of Ashmore Group plc in a report on Friday, September 2nd. JPMorgan Chase & Co. raised their price objective on shares of Ashmore Group plc from GBX 250 ($3.09) to GBX 300 ($3.71) and gave the company an “underweight” rating in a report on Tuesday, September 13th. BNP Paribas reiterated an “underperform” rating and issued a GBX 270 ($3.34) price objective on shares of Ashmore Group plc in a report on Friday, August 26th. Goldman Sachs Group Inc. reiterated a “buy” rating and issued a GBX 440 ($5.45) price objective on shares of Ashmore Group plc in a report on Tuesday, September 27th. Finally, Credit Suisse Group AG reiterated an “underperform” rating and issued a GBX 250 ($3.09) price objective on shares of Ashmore Group plc in a report on Monday, July 4th.
Ashmore Group plc (LON:ASHM) opened at 365.50 on Tuesday. Ashmore Group plc has a 12-month low of GBX 193.50 and a 12-month high of GBX 378.50. The stock has a 50 day moving average of GBX 356.51 and a 200 day moving average of GBX 320.02. The firm’s market cap is GBX 2.43 billion.
The business also recently disclosed a dividend, which will be paid on Friday, December 2nd. Stockholders of record on Thursday, November 3rd will be given a dividend of GBX 12.10 ($0.15) per share. This is an increase from Ashmore Group plc’s previous dividend of $4.55. The ex-dividend date is Thursday, November 3rd. This represents a dividend yield of 3.38%.
In other news, insider Shippey,Tom sold 215,780 shares of the firm’s stock in a transaction that occurred on Monday, September 19th. The shares were sold at an average price of GBX 341 ($4.22), for a total transaction of £735,809.80 ($910,655.69).
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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