Ashmore Group plc (ASHM) Given Consensus Rating of “Hold” by Brokerages

Shares of Ashmore Group plc (LON:ASHM) have received a consensus recommendation of “Hold” from the seventeen research firms that are presently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is GBX 359.56 ($4.82).

A number of research firms have weighed in on ASHM. Berenberg Bank increased their target price on Ashmore Group from GBX 380 ($5.09) to GBX 410 ($5.49) and gave the stock a “buy” rating in a research note on Thursday, October 19th. Morgan Stanley decreased their price target on Ashmore Group from GBX 385 ($5.16) to GBX 346 ($4.63) and set an “equal weight” rating on the stock in a research note on Monday, September 18th. Citigroup reaffirmed a “neutral” rating and issued a GBX 370 ($4.96) price target on shares of Ashmore Group in a research note on Wednesday, October 18th. Peel Hunt reiterated an “add” rating and issued a GBX 400 ($5.36) price objective on shares of Ashmore Group in a report on Friday, October 13th. Finally, Numis Securities reiterated a “reduce” rating and issued a GBX 295 ($3.95) price objective on shares of Ashmore Group in a report on Friday, October 13th.

Shares of Ashmore Group (LON ASHM) opened at GBX 376.80 ($5.05) on Friday. Ashmore Group has a 52-week low of GBX 274.08 ($3.67) and a 52-week high of GBX 392.20 ($5.25).

The company also recently declared a dividend, which will be paid on Friday, December 1st. Stockholders of record on Thursday, November 2nd will be given a dividend of GBX 12.10 ($0.16) per share. This represents a dividend yield of 3.56%. This is a boost from Ashmore Group’s previous dividend of $4.55. The ex-dividend date of this dividend is Thursday, November 2nd.

In other 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 ($4.57), for a total transaction of £316,396.85 ($423,726.86). Also, insider Clive Adamson acquired 934 shares of the stock in a transaction dated Friday, October 13th. The shares were purchased at an average price of GBX 374 ($5.01) per share, for a total transaction of £3,493.16 ($4,678.13).

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Ashmore Group 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 (LON:ASHM)

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