Several other research firms have also weighed in on ASHM. Peel Hunt reiterated an add rating and issued a GBX 400 ($5.31) price objective on shares of Ashmore Group plc in a research note on Friday. Numis Securities Ltd reiterated a hold rating and issued a GBX 320 ($4.25) price objective on shares of Ashmore Group plc in a research note on Thursday, September 7th. Societe Generale dropped their price objective on shares of Ashmore Group plc from GBX 370 ($4.92) to GBX 365 ($4.85) and set a hold rating on the stock in a research note on Wednesday, September 13th. Credit Suisse Group upped their price objective on shares of Ashmore Group plc from GBX 269 ($3.57) to GBX 325 ($4.32) and gave the company an underperform rating in a research note on Tuesday, July 18th. Finally, BNP Paribas reiterated an underperform rating and issued a GBX 330 ($4.38) price objective on shares of Ashmore Group plc in a research note on Tuesday, July 18th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company’s stock. Ashmore Group plc currently has a consensus rating of Hold and a consensus price target of GBX 356.06 ($4.73).
Ashmore Group plc (LON ASHM) opened at 376.00 on Friday. Ashmore Group plc has a one year low of GBX 269.00 and a one year high of GBX 392.20. The firm has a 50 day moving average of GBX 349.00 and a 200-day moving average of GBX 353.65. The firm’s market cap is GBX 2.51 billion.
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The company also recently disclosed 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 is an increase from Ashmore Group plc’s previous dividend of $4.55. This represents a dividend yield of 3.56%. The ex-dividend date is Thursday, November 2nd.
In other Ashmore Group plc news, insider Tom Shippey sold 92,785 shares of the stock in a transaction on Monday, September 18th. The shares were sold at an average price of GBX 341 ($4.53), for a total value of £316,396.85 ($420,405.06). Also, insider Clive Adamson purchased 934 shares of Ashmore Group plc stock in a transaction on Friday, October 13th. The stock was bought at an average cost of GBX 374 ($4.97) per share, with a total value of £3,493.16 ($4,641.46).
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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