Ashmore Group plc (ASHM) Given New GBX 290 Price Target at BNP Paribas
Ashmore Group plc (LON:ASHM) had its target price hoisted by BNP Paribas from GBX 260 ($3.22) to GBX 290 ($3.59) in a research note issued to investors on Tuesday. BNP Paribas currently has an underperform rating on the investment management service provider’s stock.
Several other brokerages have also commented on ASHM. Shore Capital restated a sell rating on shares of Ashmore Group plc in a research note on Thursday, July 14th. Goldman Sachs Group Inc. restated a neutral rating and issued a GBX 310 ($3.84) price target on shares of Ashmore Group plc in a research note on Monday, July 4th. Barclays PLC raised their price target on shares of Ashmore Group plc from GBX 250 ($3.09) to GBX 270 ($3.34) and gave the company an underweight rating in a research note on Wednesday, September 7th. Jefferies Group raised their price target 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 note on Wednesday, July 6th. Finally, Liberum Capital restated a sell rating and issued a GBX 240 ($2.97) price target on shares of Ashmore Group plc in a research note on Thursday, July 14th. Eight investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. The company has an average rating of Hold and a consensus price target of GBX 311.93 ($3.86).
Ashmore Group plc (LON:ASHM) traded up 0.16% on Tuesday, reaching GBX 366.90. The company had a trading volume of 571,236 shares. The firm’s market capitalization is GBX 2.44 billion. The stock’s 50-day moving average price is GBX 356.17 and its 200 day moving average price is GBX 319.06. 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 issued a dividend of GBX 12.10 ($0.15) per share. This represents a yield of 3.38%. This is an increase 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 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).
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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