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

Shares of Ashmore Group plc (LON:ASHM) have been assigned a consensus rating of “Hold” from the seventeen research firms that are covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is GBX 391 ($5.40).

ASHM has been the topic of several research reports. JPMorgan Chase & Co. raised Ashmore Group to a “neutral” rating and upped their price target for the company from GBX 350 ($4.84) to GBX 395 ($5.46) in a report on Wednesday, December 13th. Berenberg Bank upped their price target on Ashmore Group from GBX 380 ($5.25) to GBX 410 ($5.66) and gave the company a “buy” rating in a report on Thursday, October 19th. Citigroup reaffirmed a “neutral” rating and issued a GBX 370 ($5.11) price target on shares of Ashmore Group in a report on Wednesday, October 18th. Shore Capital reaffirmed a “hold” rating on shares of Ashmore Group in a report on Tuesday, January 16th. Finally, Liberum Capital reiterated a “hold” rating and set a GBX 367 ($5.07) price objective on shares of Ashmore Group in a research report on Friday, January 12th.

Ashmore Group (LON:ASHM) opened at GBX 394.20 ($5.45) on Wednesday. The firm has a market cap of $2,790.00 and a price-to-earnings ratio of 1,877.14. Ashmore Group has a 12-month low of GBX 318.90 ($4.41) and a 12-month high of GBX 447.20 ($6.18).

The business also recently declared a dividend, which will be paid on Wednesday, April 4th. Stockholders of record on Thursday, March 8th will be issued a dividend of GBX 4.55 ($0.06) per share. This represents a dividend yield of 1.18%. The ex-dividend date of this dividend is Thursday, March 8th.

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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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