Macquarie restated their neutral rating on shares of Ashmore Group plc (LON:ASHM) in a report issued on Friday morning. The brokerage currently has a GBX 304 ($3.76) target price on the investment management service provider’s stock.
ASHM has been the topic of a number of other research reports. Shore Capital reissued a sell rating on shares of Ashmore Group plc in a report on Thursday, July 14th. Goldman Sachs Group Inc. reissued a neutral rating and issued a GBX 310 ($3.84) price objective on shares of Ashmore Group plc in a report on Monday, July 4th. Barclays PLC raised their price objective on shares of Ashmore Group plc from GBX 250 ($3.09) to GBX 270 ($3.34) and gave the stock an underweight rating in a report on Wednesday, September 7th. Jefferies Group raised their price objective on shares of Ashmore Group plc from GBX 261 ($3.23) to GBX 300 ($3.71) and gave the stock a hold rating in a report on Wednesday, July 6th. Finally, Liberum Capital reissued a sell rating and issued a GBX 240 ($2.97) price objective on shares of Ashmore Group plc in a report on Thursday, July 14th. Nine analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. Ashmore Group plc has an average rating of Sell and an average price target of GBX 302 ($3.74).
Ashmore Group plc (LON:ASHM) opened at 366.30 on Friday. The company’s market cap is GBX 2.44 billion. The stock has a 50 day moving average of GBX 356.17 and a 200-day moving average of GBX 319.06. Ashmore Group plc has a one year low of GBX 193.50 and a one year high of GBX 378.50.
The company also recently disclosed a dividend, which will be paid on Friday, December 2nd. Shareholders of record on Thursday, November 3rd will be paid 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 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 ($4.22), 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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