Ashmore Group plc (ASHM) Receives Neutral Rating from Macquarie
Macquarie reaffirmed their neutral rating on shares of Ashmore Group plc (LON:ASHM) in a research note released on Friday. The brokerage currently has a GBX 304 ($3.76) price objective on the investment management service provider’s stock.
A number of other brokerages have also recently weighed in on ASHM. Numis Securities Ltd reissued a sell rating and set a GBX 285 ($3.53) price target on shares of Ashmore Group plc in a research report on Wednesday, October 5th. BNP Paribas restated an underperform rating and set a GBX 270 ($3.34) price objective on shares of Ashmore Group plc in a report on Friday, August 26th. Peel Hunt restated a reduce rating and set a GBX 330 ($4.08) price objective on shares of Ashmore Group plc in a report on Monday, August 15th. 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. Finally, JPMorgan Chase & Co. restated an underweight rating and set a GBX 250 ($3.09) price objective on shares of Ashmore Group plc in a report on Wednesday, September 7th. Eight analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. Ashmore Group plc has an average rating of Hold and a consensus price target of GBX 311.93 ($3.86).
Ashmore Group plc (LON:ASHM) opened at 363.10 on Friday. Ashmore Group plc has a 1-year low of GBX 193.50 and a 1-year high of GBX 378.50. The firm’s market capitalization is GBX 2.42 billion. The stock has a 50 day moving average of GBX 356.36 and a 200-day moving average of GBX 319.39.
The company also recently disclosed a dividend, which will be paid on Friday, December 2nd. Stockholders of record on Thursday, November 3rd will be paid a dividend of GBX 12.10 ($0.15) per share. The ex-dividend date is Thursday, November 3rd. This is a positive change from Ashmore Group plc’s previous dividend of $4.55. This represents a dividend yield of 3.38%.
In other news, insider Shippey,Tom sold 215,780 shares of the business’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).
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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