Ashmore Group plc (ASHM) Price Target Raised to GBX 370 at Jefferies Group LLC
Ashmore Group plc (LON:ASHM) had its target price upped by Jefferies Group LLC from GBX 331 ($4.40) to GBX 370 ($4.92) in a research note issued to investors on Wednesday morning. The brokerage currently has a hold rating on the investment management service provider’s stock.
A number of other equities research analysts have also commented on ASHM. Liberum Capital reduced their price target on Ashmore Group plc from GBX 338 ($4.49) to GBX 333 ($4.42) and set a hold rating on the stock in a research report on Friday, July 7th. Peel Hunt reiterated an add rating and issued a GBX 400 ($5.31) price target on shares of Ashmore Group plc in a research report on Friday, July 14th. Shore Capital reiterated a hold rating on shares of Ashmore Group plc in a research report on Friday, July 14th. Numis Securities Ltd reiterated a hold rating and issued a GBX 320 ($4.25) price target on shares of Ashmore Group plc in a research report on Friday, July 14th. Finally, Goldman Sachs Group, Inc. (The) upped their price target on Ashmore Group plc from GBX 415 ($5.51) to GBX 420 ($5.58) and gave the company a buy rating in a research report on Monday, July 17th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of GBX 359.56 ($4.78).
Ashmore Group plc (ASHM) traded down 0.03% during trading on Wednesday, reaching GBX 375.80. The company’s stock had a trading volume of 818,089 shares. The stock’s market cap is GBX 2.51 billion. Ashmore Group plc has a 52-week low of GBX 269.00 and a 52-week high of GBX 392.20. The firm has a 50 day moving average price of GBX 349.91 and a 200-day moving average price of GBX 353.96.
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The company also recently declared a dividend, which will be paid on Friday, December 1st. Investors of record on Thursday, November 2nd will be paid a dividend of GBX 12.10 ($0.16) per share. This is an increase from Ashmore Group plc’s previous dividend of $4.55. This represents a yield of 3.56%. The ex-dividend date is Thursday, November 2nd.
In other Ashmore Group plc news, insider Tom Shippey sold 92,785 shares of the business’s stock in a transaction that occurred on 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 acquired 934 shares of the firm’s stock in a transaction on Friday, October 13th. The shares were bought at an average cost 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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