Ashmore Group plc Receives “Buy” Rating from Societe Generale (ASHM)
Ashmore Group plc (LON:ASHM)‘s stock had its “buy” rating reaffirmed by equities research analysts at Societe Generale in a research note issued to investors on Tuesday, AnalystRatingsNetwork reports. They currently have a GBX 430 ($7.15) price objective on the stock. Societe Generale’s price objective points to a potential upside of 36.46% from the stock’s previous close.
ASHM has been the subject of a number of other recent research reports. Analysts at Canaccord Genuity downgraded shares of Ashmore Group plc to a “hold” rating in a research note on Tuesday. They now have a GBX 315 ($5.24) price target on the stock, up previously from GBX 205 ($3.41). Separately, analysts at Numis Securities Ltd reiterated a “hold” rating on shares of Ashmore Group plc in a research note on Tuesday. They now have a GBX 345 ($5.74) price target on the stock. Finally, analysts at Espirito Santo Investment Bank Research reiterated a “buy” rating on shares of Ashmore Group plc in a research note on Tuesday. They now have a GBX 395 ($6.57) price target on the stock. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of GBX 390 ($6.49).
The company also recently declared a dividend, which is scheduled for Friday, April 11th. Stockholders of record on Wednesday, March 5th will be given a dividend of GBX 4.45 ($0.07) per share. This represents a yield of 1.39%. The ex-dividend date of this dividend is Wednesday, March 5th.
Ashmore Group plc (LON:ASHM) is engaged in providing investment management services.
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