Ashmore Group plc (LON:ASHM) had its target price boosted by BNP Paribas from GBX 260 ($3.22) to GBX 290 ($3.59) in a research report report published on Tuesday morning. They currently have an underperform rating on the investment management service provider’s stock.
Several other brokerages also recently commented on ASHM. Citigroup Inc. downgraded shares of Ashmore Group plc to a neutral rating in a research note on Wednesday, July 20th. Numis Securities Ltd reissued a sell rating and set a GBX 280 ($3.47) price objective on shares of Ashmore Group plc in a research report on Friday, September 2nd. JPMorgan Chase & Co. increased their price objective on shares of Ashmore Group plc from GBX 220 ($2.72) to GBX 250 ($3.09) and gave the stock an underweight rating in a research report on Friday, July 15th. Barclays PLC reissued an underweight rating and set a GBX 250 ($3.09) price objective on shares of Ashmore Group plc in a research report on Thursday, June 30th. Finally, Jefferies Group increased their price objective on shares of Ashmore Group plc from GBX 300 ($3.71) to GBX 318 ($3.94) and gave the stock a hold rating in a research report on Wednesday, September 7th. Eight investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. Ashmore Group plc currently has an average rating of Hold and a consensus price target of GBX 313 ($3.87).
Ashmore Group plc (LON:ASHM) opened at 365.60 on Tuesday. The firm’s market cap is GBX 2.44 billion. Ashmore Group plc has a 52-week low of GBX 193.50 and a 52-week high of GBX 378.50. The firm’s 50-day moving average is GBX 356.51 and its 200-day moving average is GBX 320.02.
The firm also recently declared a dividend, which will be paid on Friday, December 2nd. Investors of record on Thursday, November 3rd will be given a dividend of GBX 12.10 ($0.15) per share. This represents a yield of 3.38%. This is a positive change from Ashmore Group plc’s previous dividend of $4.55. The ex-dividend date of this dividend is Thursday, November 3rd.
In related news, insider Shippey,Tom sold 215,780 shares of the firm’s stock in a transaction dated 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).
Ashmore Group plc Company Profile
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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