Ashmore Group plc (ASHM) Receives Average Recommendation of “Hold” from Analysts

Ashmore Group plc (LON:ASHM) has received an average rating of “Hold” from the seventeen research firms that are covering the company, MarketBeat.com reports. Four analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is GBX 353.56 ($4.65).

Several analysts have recently issued reports on ASHM shares. Barclays PLC upgraded shares of Ashmore Group plc to an “equal weight” rating and lifted their target price for the company from GBX 300 ($3.94) to GBX 370 ($4.86) in a research report on Thursday, July 20th. BNP Paribas reiterated an “underperform” rating and issued a GBX 330 ($4.34) target price on shares of Ashmore Group plc in a research report on Tuesday, July 18th. Peel Hunt reiterated an “add” rating and issued a GBX 400 ($5.26) target price on shares of Ashmore Group plc in a research report on Thursday, September 7th. Credit Suisse Group lifted their target price on shares of Ashmore Group plc from GBX 269 ($3.54) to GBX 325 ($4.27) and gave the company an “underperform” rating in a research report on Tuesday, July 18th. Finally, Societe Generale reiterated a “hold” rating and issued a GBX 370 ($4.86) target price on shares of Ashmore Group plc in a research report on Wednesday, September 6th.

In other Ashmore Group plc news, insider Tom Shippey sold 92,785 shares of the business’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of GBX 341 ($4.48), for a total value of £316,396.85 ($415,983.24).

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Ashmore Group plc (LON:ASHM) opened at 345.30 on Thursday. The company has a 50-day moving average of GBX 349.14 and a 200 day moving average of GBX 353.07. Ashmore Group plc has a one year low of GBX 269.00 and a one year high of GBX 379.70. The company’s market cap is GBX 2.31 billion.

The company also recently announced a dividend, which will be paid on Friday, December 1st. Shareholders of record on Thursday, November 2nd will be issued a GBX 12.10 ($0.16) dividend. This represents a yield of 3.56%. This is a positive change from Ashmore Group plc’s previous dividend of $4.55. The ex-dividend date of this dividend is Thursday, November 2nd.

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)

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