Ashmore Group plc (LON:ASHM) has received a consensus recommendation of “Hold” from the sixteen brokerages that are currently covering the company. Five analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is GBX 317.20 ($3.99).
A number of equities analysts have recently commented on ASHM shares. Barclays PLC reduced their price objective on shares of Ashmore Group plc from GBX 325 ($4.08) to GBX 270 ($3.39) and set an “underweight” rating for the company in a research note on Monday, January 9th. Liberum Capital restated a “hold” rating and set a GBX 379 ($4.76) price objective on shares of Ashmore Group plc in a research note on Tuesday, December 6th. Numis Securities Ltd restated a “hold” rating and set a GBX 290 ($3.64) price objective on shares of Ashmore Group plc in a research note on Thursday, February 9th. Goldman Sachs Group Inc reduced their price objective on shares of Ashmore Group plc from GBX 400 ($5.03) to GBX 370 ($4.65) and set a “buy” rating for the company in a research note on Tuesday, January 24th. Finally, Citigroup Inc upgraded shares of Ashmore Group plc to a “neutral” rating and set a GBX 370 ($4.65) price objective for the company in a research note on Monday, February 13th.
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Shares of Ashmore Group plc (LON:ASHM) opened at 347.10 on Thursday. Ashmore Group plc has a 52-week low of GBX 240.00 and a 52-week high of GBX 379.70. The company’s 50-day moving average price is GBX 351.19 and its 200-day moving average price is GBX 326.55. The firm’s market capitalization is GBX 2.32 billion.
The business also recently declared a dividend, which will be paid on Friday, April 7th. Shareholders of record on Thursday, March 9th will be issued a GBX 4.55 ($0.06) dividend. The ex-dividend date is Thursday, March 9th. This represents a yield of 1.36%.
About Ashmore Group plc
Ashmore Group plc is a United Kingdom-based company, which operates as a specialist emerging markets asset manager. The Company offers a range of investment themes, such as external debt, local currency, corporate debt, blended debt, equities, alternatives, multi-strategy and overlay/liquidity. Its geographical segments include United Kingdom, United States and Others.
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