Ashmore Group plc (LON:ASHM) has been assigned a consensus recommendation of “Hold” from the fifteen brokerages that are covering the stock. Eight equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is GBX 321.17 ($4.01).

A number of equities analysts have issued reports on ASHM shares. Numis Securities Ltd reaffirmed a “sell” rating and issued a GBX 280 ($3.50) price objective on shares of Ashmore Group plc in a research note on Friday, September 2nd. BNP Paribas reaffirmed an “underperform” rating and issued a GBX 270 ($3.37) price objective on shares of Ashmore Group plc in a research note on Friday, August 26th. Peel Hunt reiterated a “reduce” rating on shares of Ashmore Group plc in a report on Friday, October 14th. Jefferies Group increased their target price on shares of Ashmore Group plc from GBX 300 ($3.75) to GBX 318 ($3.97) and gave the stock a “hold” rating in a report on Wednesday, September 7th. Finally, Societe Generale reiterated a “hold” rating and issued a GBX 345 ($4.31) target price (up from GBX 295 ($3.69)) on shares of Ashmore Group plc in a report on Wednesday, September 7th.

Shares of Ashmore Group plc (LON:ASHM) opened at 295.00 on Tuesday. The company’s market capitalization is GBX 1.97 billion. Ashmore Group plc has a one year low of GBX 193.50 and a one year high of GBX 378.50. The company has a 50-day moving average of GBX 346.34 and a 200-day moving average of GBX 327.65.

The company also recently disclosed a dividend, which will be paid on Friday, December 2nd. Stockholders of record on Thursday, November 3rd will be given 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 an increase from Ashmore Group plc’s previous dividend of $4.55.

In related news, insider Shippey,Tom sold 215,780 shares of Ashmore Group plc stock in a transaction dated Monday, September 19th. The shares were sold at an average price of GBX 341 ($4.26), for a total transaction of £735,809.80 ($919,302.60).

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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