Ashmore Group plc (LON:ASHM) had its target price lowered by J P Morgan Chase & Co from GBX 320 ($4.13) to GBX 310 ($4.00) in a research report released on Friday morning, Marketbeat reports. The brokerage currently has an underweight rating on the investment management service provider’s stock.
A number of other research analysts have also recently issued reports on ASHM. Numis Securities Ltd reissued a hold rating and issued a GBX 320 ($4.13) target price on shares of Ashmore Group plc in a research note on Thursday. Shore Capital reissued a hold rating on shares of Ashmore Group plc in a research note on Tuesday, August 15th. Macquarie boosted their target price on Ashmore Group plc from GBX 344 ($4.44) to GBX 374 ($4.83) and gave the company a neutral rating in a research note on Thursday, August 24th. Societe Generale reissued a hold rating and issued a GBX 370 ($4.78) target price on shares of Ashmore Group plc in a research note on Wednesday, September 6th. Finally, Liberum Capital decreased their target price on Ashmore Group plc from GBX 338 ($4.37) to GBX 333 ($4.30) and set a hold rating for the company in a research note on Friday, July 7th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of GBX 356.31 ($4.60).
Shares of Ashmore Group plc (LON:ASHM) opened at 339.90 on Friday. The company has a 50-day moving average price of GBX 360.33 and a 200 day moving average price of GBX 355.44. The stock’s market capitalization is GBX 2.27 billion. Ashmore Group plc has a 52 week low of GBX 269.00 and a 52 week high of GBX 379.70.
Ashmore Group plc (LON:ASHM) last posted its earnings results on Thursday, September 7th. The investment management service provider reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02. Ashmore Group plc had a return on equity of 28.60% and a net margin of 70.27%. Analysts forecast that Ashmore Group plc will post $22.33 earnings per share for the current fiscal year.
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The business also recently announced a dividend, which will be paid on Friday, December 1st. Investors of record on Thursday, November 2nd will be issued a dividend of GBX 12.10 ($0.16) per share. This represents a yield of 3.56%. The ex-dividend date is Thursday, November 2nd. This is a positive change from Ashmore Group plc’s previous dividend of $4.55.
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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