Ashmore Group plc (ASHM) Raised to Hold at Liberum Capital
Ashmore Group plc (LON:ASHM) was upgraded by research analysts at Liberum Capital to a “hold” rating in a research note issued to investors on Wednesday. The brokerage presently has a GBX 379 ($4.69) price objective on the investment management service provider’s stock, up from their previous price objective of GBX 240 ($2.97). Liberum Capital’s price target points to a potential upside of 3.47% from the company’s current price.
Several other equities research analysts have also weighed in on ASHM. BNP Paribas reiterated an “underperform” rating and issued a GBX 260 ($3.22) target price on shares of Ashmore Group plc in a report on Monday, June 27th. JPMorgan Chase & Co. cut their target price on shares of Ashmore Group plc from GBX 230 ($2.85) to GBX 220 ($2.72) and set an “underweight” rating on the stock in a report on Wednesday, June 29th. Barclays PLC reiterated an “underweight” rating and issued a GBX 250 ($3.09) target price on shares of Ashmore Group plc in a report on Thursday, June 30th. Goldman Sachs Group Inc. reiterated a “neutral” rating and issued a GBX 310 ($3.84) target price on shares of Ashmore Group plc in a report on Monday, July 4th. Finally, Credit Suisse Group AG reiterated an “underperform” rating and issued a GBX 250 ($3.09) target price on shares of Ashmore Group plc in a report on Monday, July 4th. Eight research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of GBX 311.93 ($3.86).
Shares of Ashmore Group plc (LON:ASHM) opened at 367.10 on Wednesday. The company has a 50 day moving average of GBX 356.17 and a 200 day moving average of GBX 319.06. Ashmore Group plc has a 1-year low of GBX 193.50 and a 1-year high of GBX 378.50. The firm’s market cap is GBX 2.45 billion.
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The business also recently announced a dividend, which will be paid on Friday, December 2nd. Stockholders of record on Thursday, November 3rd will be paid a dividend of GBX 12.10 ($0.15) per share. This represents a dividend yield of 3.38%. The ex-dividend date of this dividend is Thursday, November 3rd. This is a boost from Ashmore Group plc’s previous dividend of $4.55.
In other news, insider Shippey,Tom sold 215,780 shares of the firm’s stock in a transaction dated Monday, September 19th. The shares were sold at an average price of GBX 341 ($4.22), for a total transaction of £735,809.80 ($910,655.69).
Ashmore Group plc Company Profile
Ashmore Group plc is a United Kingdom-based company, which operates as a markets asset manager. The Company invests client funds in a range of investment themes, such as external debt, local currency, corporate debt, blended debt, equities, alternatives, multi-strategy and overlay/liquidity. It offers a range of investment opportunities in over 70 countries.
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