Ashmore Group plc (LON:ASHM) had its price target lifted by Macquarie from GBX 233 ($2.84) to GBX 304 ($3.71) in a research report report published on Monday. The brokerage currently has a neutral rating on the investment management service provider’s stock.
Several other equities research analysts have also recently issued reports on the company. JPMorgan Chase & Co. raised their target price on Ashmore Group plc from GBX 300 ($3.66) to GBX 305 ($3.72) and gave the stock an underweight rating in a research note on Monday. BNP Paribas reaffirmed an underperform rating and issued a GBX 300 ($3.66) price objective on shares of Ashmore Group plc in a research note on Monday. Shore Capital reaffirmed a sell rating on shares of Ashmore Group plc in a research note on Friday. Numis Securities Ltd reaffirmed a sell rating and issued a GBX 285 ($3.47) price objective on shares of Ashmore Group plc in a research note on Friday. Finally, Peel Hunt reaffirmed a reduce rating on shares of Ashmore Group plc in a research note on Friday. Eight research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. Ashmore Group plc presently has an average rating of Hold and an average price target of GBX 315.14 ($3.84).
Ashmore Group plc (LON:ASHM) opened at 364.70 on Monday. Ashmore Group plc has a 12 month low of GBX 193.50 and a 12 month high of GBX 378.50. The firm’s market capitalization is GBX 2.43 billion. The company’s 50-day moving average price is GBX 356.33 and its 200 day moving average price is GBX 321.11.
The company also recently announced 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. The ex-dividend date is Thursday, November 3rd. This represents a dividend yield of 3.38%. This is a boost from Ashmore Group plc’s previous dividend of $4.55.
In other news, insider Shippey,Tom sold 215,780 shares of Ashmore Group plc stock in a transaction dated Monday, September 19th. The stock was sold at an average price of GBX 341 ($4.16), for a total transaction of £735,809.80 ($896,782.21).
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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