Ashmore Group plc (ASHM) Price Target Raised to GBX 410
Ashmore Group plc (LON:ASHM) had its target price increased by Berenberg Bank from GBX 380 ($5.05) to GBX 410 ($5.45) in a research report sent to investors on Thursday. They currently have a buy rating on the investment management service provider’s stock.
Several other research analysts also recently issued reports on ASHM. Citigroup Inc. reaffirmed a neutral rating and set a GBX 370 ($4.92) price objective on shares of Ashmore Group plc in a report on Wednesday. Shore Capital reaffirmed a hold rating on shares of Ashmore Group plc in a report on Friday, October 13th. Macquarie reaffirmed a neutral rating and set a GBX 384 ($5.10) price objective on shares of Ashmore Group plc in a report on Wednesday. Jefferies Group LLC upped their price objective on Ashmore Group plc from GBX 331 ($4.40) to GBX 370 ($4.92) and gave the stock a hold rating in a report on Wednesday. Finally, J P Morgan Chase & Co upped their price objective on Ashmore Group plc from GBX 310 ($4.12) to GBX 350 ($4.65) and gave the stock an underweight rating in a report on Monday, October 16th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the stock. Ashmore Group plc presently has an average rating of Hold and a consensus target price of GBX 359.56 ($4.78).
Shares of Ashmore Group plc (ASHM) opened at 373.50 on Thursday. Ashmore Group plc has a 52 week low of GBX 269.00 and a 52 week high of GBX 392.20. The firm’s 50-day moving average price is GBX 350.57 and its 200 day moving average price is GBX 354.25. The company’s market cap is GBX 2.50 billion.
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The company also recently disclosed a dividend, which will be paid on Friday, December 1st. Investors of record on Thursday, November 2nd will be given a GBX 12.10 ($0.16) dividend. The ex-dividend date of this dividend is Thursday, November 2nd. This represents a dividend yield of 3.56%. This is a boost from Ashmore Group plc’s previous dividend of $4.55.
In other Ashmore Group plc news, insider Tom Shippey sold 92,785 shares of the stock in a transaction dated Monday, September 18th. The stock was sold at an average price of GBX 341 ($4.53), for a total transaction of £316,396.85 ($420,405.06). Also, insider Clive Adamson bought 934 shares of the stock in a transaction on Friday, October 13th. The shares were purchased at an average price of GBX 374 ($4.97) per share, with a total value of £3,493.16 ($4,641.46).
Ashmore Group plc Company Profile
Ashmore Group plc is a United Kingdom-based company, which operates as a specialist emerging markets asset manager. The Company offers a range of investment themes, such as external debt, local currency, corporate debt, blended debt, equities, alternatives, multi-strategy and overlay/liquidity. Its geographical segments include United Kingdom, United States and Others.
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