Ashmore Group plc (ASHM) Given Buy Rating at Goldman Sachs Group Inc.
Goldman Sachs Group Inc. reiterated their buy rating on shares of Ashmore Group plc (LON:ASHM) in a report released on Tuesday morning. They currently have a GBX 440 ($5.74) price objective on the investment management service provider’s stock.
Other analysts have also issued research reports about the company. Jefferies Group upped their price objective on Ashmore Group plc from GBX 261 ($3.41) to GBX 300 ($3.92) and gave the stock a hold rating in a research report on Wednesday, July 6th. Peel Hunt upped their price objective on Ashmore Group plc from GBX 270 ($3.52) to GBX 310 ($4.05) and gave the stock a hold rating in a research report on Thursday, July 14th. Societe Generale reaffirmed a hold rating and set a GBX 345 ($4.50) price objective (up previously from GBX 295 ($3.85)) on shares of Ashmore Group plc in a research report on Wednesday, September 7th. Macquarie reaffirmed a neutral rating and set a GBX 233 ($3.04) price objective on shares of Ashmore Group plc in a research report on Tuesday, July 12th. Finally, Citigroup Inc. lowered Ashmore Group plc to a neutral rating in a research report on Wednesday, July 20th. Nine investment analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of Sell and an average target price of GBX 295.14 ($3.85).
Ashmore Group plc (LON:ASHM) opened at 345.30 on Tuesday. The firm’s market cap is GBX 2.30 billion. Ashmore Group plc has a one year low of GBX 193.50 and a one year high of GBX 371.20. The stock has a 50 day moving average price of GBX 354.57 and a 200 day moving average price of GBX 313.17.
The business also recently declared a dividend, which will be paid on Friday, December 2nd. Shareholders of record on Thursday, November 3rd will be issued a GBX 12.10 ($0.16) dividend. This represents a dividend yield of 3.38%. The ex-dividend date is Thursday, November 3rd. This is a positive change from Ashmore Group plc’s previous dividend of $4.55.
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 ($4.45), for a total value of £735,809.80 ($960,461.82).
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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