Other equities analysts also recently issued reports about the stock. Goldman Sachs Group Inc. upgraded shares of Ashmore Group plc to a buy rating and upped their price objective for the company from GBX 310 ($3.84) to GBX 420 ($5.20) in a report on Friday, July 15th. Peel Hunt boosted their target price on shares of Ashmore Group plc from GBX 270 ($3.34) to GBX 310 ($3.84) and gave the company a hold rating in a research report on Thursday, July 14th. Jefferies Group boosted their target price on shares of Ashmore Group plc from GBX 261 ($3.23) to GBX 300 ($3.71) and gave the company a hold rating in a research report on Wednesday, July 6th. Societe Generale reissued a hold rating and issued a GBX 345 ($4.27) target price (up previously from GBX 295 ($3.65)) on shares of Ashmore Group plc in a research report on Wednesday, September 7th. Finally, Liberum Capital raised shares of Ashmore Group plc to a hold rating and boosted their target price for the company from GBX 240 ($2.97) to GBX 379 ($4.69) in a research report on Wednesday, October 12th. Eight analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. Ashmore Group plc presently has an average rating of Hold and an average price target of GBX 315.14 ($3.90).
Shares of Ashmore Group plc (LON:ASHM) traded down 2.22% during mid-day trading on Friday, hitting GBX 357.40. 599,966 shares of the stock were exchanged. Ashmore Group plc has a 1-year low of GBX 193.50 and a 1-year high of GBX 378.50. The company’s 50-day moving average is GBX 356.51 and its 200-day moving average is GBX 320.02. The firm’s market cap is GBX 2.38 billion.
The firm also recently declared a dividend, which will be paid on Friday, December 2nd. Shareholders of record on Thursday, November 3rd will be issued a dividend of GBX 12.10 ($0.15) per share. This represents a dividend yield of 3.38%. This is a boost from Ashmore Group plc’s previous dividend of $4.55. The ex-dividend date is Thursday, November 3rd.
In other Ashmore Group plc news, insider Shippey,Tom sold 215,780 shares of the stock in a transaction that occurred on Monday, September 19th. The stock was 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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