Ashmore Group plc (ASHM) Price Target Raised to GBX 304 at Macquarie
Ashmore Group plc (LON:ASHM) had its target price increased by stock analysts at Macquarie from GBX 233 ($2.88) to GBX 304 ($3.76) in a research report issued on Monday. The brokerage currently has a “neutral” rating on the investment management service provider’s stock. Macquarie’s price objective would indicate a potential downside of 16.83% from the company’s current price.
A number of other research firms also recently weighed in on ASHM. Numis Securities Ltd restated a “sell” rating and set a GBX 285 ($3.53) price target on shares of Ashmore Group plc in a report on Wednesday, October 5th. BNP Paribas raised their price target on shares of Ashmore Group plc from GBX 260 ($3.22) to GBX 290 ($3.59) and gave the company an “underperform” rating in a report on Tuesday, October 11th. Liberum Capital upgraded shares of Ashmore Group plc to a “hold” rating and raised their target price for the company from GBX 240 ($2.97) to GBX 379 ($4.69) in a research note on Wednesday, October 12th. JPMorgan Chase & Co. raised their target price on shares of Ashmore Group plc from GBX 300 ($3.71) to GBX 305 ($3.77) and gave the company an “underweight” rating in a research note on Monday. Finally, Peel Hunt reiterated a “reduce” rating on shares of Ashmore Group plc in a research note on Friday. Eight research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of GBX 313 ($3.87).
Shares of Ashmore Group plc (LON:ASHM) opened at 365.50 on Monday. 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 cap is GBX 2.43 billion. The company’s 50-day moving average is GBX 356.51 and its 200 day moving average is GBX 320.02.
The business also recently announced a dividend, which will be paid on Friday, December 2nd. Shareholders of record on Thursday, November 3rd will be paid a GBX 12.10 ($0.15) dividend. The ex-dividend date of this dividend is Thursday, November 3rd. This is an increase from Ashmore Group plc’s previous dividend of $4.55. This represents a dividend yield of 3.38%.
In other Ashmore Group plc 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 value of £735,809.80 ($910,655.69).
Ashmore Group plc Company Profile
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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