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.

TRADEMARK VIOLATION NOTICE: This piece of content was published by Watch List News and is the property of of Watch List News. If you are reading this piece of content on another publication, it was illegally stolen and republished in violation of United States and international copyright law. The correct version of this piece of content can be read at https://www.watchlistnews.com/ashmore-group-plc-ashm-price-target-raised-to-gbx-370-at-jefferies-group-llc/1641557.html.

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.

Analyst Recommendations for Ashmore Group plc (LON:ASHM)

Receive News & Ratings for Ashmore Group plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ashmore Group plc and related companies with Analyst Ratings Network's FREE daily email newsletter.