Ashmore Group plc (ASHM) Given Average Rating of “Hold” by Analysts
Shares of Ashmore Group plc (LON:ASHM) have been given an average rating of “Hold” by the seventeen analysts that are covering the company, Marketbeat reports. Three analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is GBX 354.75 ($4.58).
A number of brokerages have weighed in on ASHM. Berenberg Bank lowered their price objective on Ashmore Group plc from GBX 400 ($5.17) to GBX 380 ($4.91) and set a “buy” rating for the company in a research note on Thursday. Societe Generale lowered their price objective on Ashmore Group plc from GBX 370 ($4.78) to GBX 365 ($4.71) and set a “hold” rating for the company in a research note on Wednesday. Macquarie restated a “neutral” rating and set a GBX 374 ($4.83) price objective on shares of Ashmore Group plc in a research note on Monday, September 11th. J P Morgan Chase & Co lowered their price objective on Ashmore Group plc from GBX 320 ($4.13) to GBX 310 ($4.00) and set an “underweight” rating for the company in a research note on Friday, September 8th. Finally, Numis Securities Ltd restated a “hold” rating and set a GBX 320 ($4.13) price objective on shares of Ashmore Group plc in a research note on Thursday, September 7th.
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Shares of Ashmore Group plc (LON:ASHM) opened at 340.10 on Friday. The stock’s market cap is GBX 2.27 billion. The firm has a 50-day moving average price of GBX 358.22 and a 200-day moving average price of GBX 354.98. Ashmore Group plc has a 52 week low of GBX 269.00 and a 52 week high of GBX 379.70.
The business also recently declared a dividend, which will be paid on Friday, December 1st. Investors of record on Thursday, November 2nd will be issued a GBX 12.10 ($0.16) dividend. This is an increase from Ashmore Group plc’s previous dividend of $4.55. The ex-dividend date is Thursday, November 2nd. This represents a dividend yield of 3.56%.
About Ashmore Group plc
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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