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 released on Wednesday. The firm currently has GBX 379 ($4.69) target price on the investment management service provider’s stock, up from their previous target price of GBX 240 ($2.97).
Several other research analysts also recently commented on the stock. Peel Hunt downgraded shares of Ashmore Group plc to a reduce rating and lifted their target price for the stock from GBX 310 ($3.84) to GBX 330 ($4.08) in a report on Wednesday, July 20th. Goldman Sachs Group Inc. upgraded shares of Ashmore Group plc to a buy rating and lifted their target price for the stock from GBX 310 ($3.84) to GBX 420 ($5.20) in a report on Friday, July 15th. JPMorgan Chase & Co. dropped their target price on shares of Ashmore Group plc from GBX 230 ($2.85) to GBX 220 ($2.72) and set an underweight rating on the stock in a report on Wednesday, June 29th. Credit Suisse Group AG reiterated an underperform rating and issued a GBX 305 ($3.77) target price on shares of Ashmore Group plc in a report on Tuesday, July 12th. Finally, BNP Paribas reiterated an underperform rating and issued a GBX 260 ($3.22) target price on shares of Ashmore Group plc in a report on Monday, June 27th. Eight analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. Ashmore Group plc has an average 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 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 356.36 and its 200 day moving average is GBX 319.39.
The business also recently declared a dividend, which will be paid on Friday, December 2nd. Stockholders of record on Thursday, November 3rd will be issued a GBX 12.10 ($0.15) dividend. This represents a dividend yield of 3.38%. The ex-dividend date is Thursday, November 3rd. This is a boost from Ashmore Group plc’s previous dividend of $4.55.
In related news, insider Shippey,Tom sold 215,780 shares of the 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).
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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