Macquarie Increases Ashmore Group plc (ASHM) Price Target to GBX 304
Ashmore Group plc (LON:ASHM) had its price target hoisted by research analysts at Macquarie from GBX 233 ($2.84) to GBX 304 ($3.71) in a research report issued to clients and investors on Monday. The firm presently has a “neutral” rating on the investment management service provider’s stock. Macquarie’s target price would indicate a potential downside of 15.93% from the stock’s previous close.
Several other research analysts have also recently weighed in on ASHM. BNP Paribas reaffirmed an “underperform” rating and set a GBX 300 ($3.66) target price on shares of Ashmore Group plc in a research note on Monday. Shore Capital reaffirmed a “sell” rating on shares of Ashmore Group plc in a research note on Thursday, July 14th. Jefferies Group raised their target price on Ashmore Group plc from GBX 300 ($3.66) to GBX 318 ($3.88) and gave the company a “hold” rating in a research note on Wednesday, September 7th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a GBX 250 ($3.05) target price on shares of Ashmore Group plc in a research note on Wednesday, September 7th. Finally, Peel Hunt raised their target price on Ashmore Group plc from GBX 270 ($3.29) to GBX 310 ($3.78) and gave the company a “hold” rating in a research note on Thursday, July 14th. Eight research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of GBX 317.93 ($3.87).
Ashmore Group plc (LON:ASHM) opened at 358.90 on Monday. The firm’s market cap is GBX 2.39 billion. The stock’s 50 day moving average is GBX 356.48 and its 200-day moving average is GBX 321.63. Ashmore Group plc has a 1-year low of GBX 193.50 and a 1-year high of GBX 378.50.
The business also recently disclosed a dividend, which will be paid on Friday, December 2nd. Investors of record on Thursday, November 3rd will be paid a GBX 12.10 ($0.15) dividend. This represents a dividend yield of 3.38%. This is an increase from Ashmore Group plc’s previous dividend of $4.55. The ex-dividend date of this dividend is Thursday, November 3rd.
In related news, insider Shippey,Tom sold 215,780 shares of the firm’s stock in a transaction that occurred on Monday, September 19th. The stock was sold at an average price of GBX 341 ($4.16), for a total value of £735,809.80 ($896,782.21).
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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