Ashmore Group plc (LON:ASHM) had its price objective increased by investment analysts at JPMorgan Chase & Co. from GBX 300 ($3.66) to GBX 305 ($3.72) in a research report issued to clients and investors on Monday. The brokerage currently has an “underweight” rating on the investment management service provider’s stock. JPMorgan Chase & Co.’s target price suggests a potential downside of 15.65% from the company’s previous close.
A number of other analysts have also recently commented on the company. BNP Paribas reaffirmed an “underperform” rating and set a GBX 300 ($3.66) price target on shares of Ashmore Group plc in a research report on Monday. Shore Capital reissued a “sell” rating on shares of Ashmore Group plc in a report on Friday, October 14th. Numis Securities Ltd reissued a “sell” rating and issued a GBX 285 ($3.47) price objective on shares of Ashmore Group plc in a report on Friday, October 14th. Peel Hunt reissued a “reduce” rating on shares of Ashmore Group plc in a report on Friday, October 14th. Finally, Liberum Capital raised Ashmore Group plc to a “hold” rating and boosted their price objective for the company from GBX 240 ($2.93) to GBX 379 ($4.62) in a report on Wednesday, October 12th. Eight investment 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’s stock. The company currently has an average rating of “Hold” and an average target price of GBX 317.93 ($3.87).
Ashmore Group plc (LON:ASHM) opened at 357.80 on Monday. The company’s market capitalization is GBX 2.38 billion. The company’s 50-day moving average price is GBX 356.48 and its 200-day moving average price is GBX 321.63. Ashmore Group plc has a 52 week low of GBX 193.50 and a 52 week 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 is a positive change from Ashmore Group plc’s previous dividend of $4.55. This represents a yield of 3.38%. The ex-dividend date is Thursday, November 3rd.
In other Ashmore Group plc news, insider Shippey,Tom sold 215,780 shares of the business’s stock in a transaction that occurred on 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.
Receive News & Ratings for Ashmore Group plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ashmore Group plc and related companies with MarketBeat.com's FREE daily email newsletter.