Ashmore Group plc (ASHM) Upgraded by Liberum Capital to “Hold”
Liberum Capital upgraded shares of Ashmore Group plc (LON:ASHM) to a hold rating in a report published on Wednesday morning. The brokerage currently has GBX 379 ($4.69) target price on the investment management service provider’s stock, up from their prior target price of GBX 240 ($2.97).
ASHM has been the topic of a number of other reports. Shore Capital reaffirmed 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 target on shares of Ashmore Group plc in a report on Monday, July 4th. Barclays PLC boosted their price target 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 boosted their price target 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, Credit Suisse Group AG reissued an underperform rating and issued a GBX 250 ($3.09) price target on shares of Ashmore Group plc in a report on Monday, July 4th. Eight equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of GBX 311.93 ($3.86).
Shares of Ashmore Group plc (LON:ASHM) opened at 365.50 on Wednesday. Ashmore Group plc has a 52-week low of GBX 193.50 and a 52-week high of GBX 378.50. The company’s market capitalization is GBX 2.43 billion. The firm’s 50-day moving average is GBX 356.36 and its 200 day moving average is GBX 319.39.
The firm also recently disclosed a dividend, which will be paid on Friday, December 2nd. Stockholders of record on Thursday, November 3rd will be issued 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. The ex-dividend date of this dividend is Thursday, November 3rd. 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 stock was 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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