Ashmore Group (ASHM) Now Covered by Analysts at Canaccord Genuity

Canaccord Genuity initiated coverage on shares of Ashmore Group (LON:ASHM) in a research note issued to investors on Friday morning. The firm issued a buy rating and a GBX 410 ($5.52) target price on the investment management service provider’s stock.

A number of other brokerages also recently commented on ASHM. Peel Hunt reiterated an add rating and set a GBX 400 ($5.38) target price on shares of Ashmore Group in a research note on Friday, October 13th. Numis Securities reiterated a hold rating and set a GBX 320 ($4.31) target price on shares of Ashmore Group in a research note on Thursday, September 7th. Societe Generale lowered their target price on shares of Ashmore Group from GBX 370 ($4.98) to GBX 365 ($4.91) and set a hold rating for the company in a research note on Wednesday, September 13th. J P Morgan Chase & Co boosted their target price on shares of Ashmore Group from GBX 310 ($4.17) to GBX 350 ($4.71) and gave the stock an underweight rating in a research note on Monday, October 16th. Finally, Shore Capital reiterated a hold rating on shares of Ashmore Group in a research note on Friday, October 13th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of GBX 362.53 ($4.88).

Ashmore Group (LON:ASHM) opened at GBX 372.70 ($5.02) on Friday. Ashmore Group has a 12 month low of GBX 274.10 ($3.69) and a 12 month high of GBX 392.20 ($5.28).

The firm also recently announced a dividend, which was paid on Friday, December 1st. Stockholders of record on Thursday, November 2nd were issued a GBX 12.10 ($0.16) dividend. 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 was Thursday, November 2nd.

In other Ashmore Group news, insider Clive Adamson bought 934 shares of Ashmore Group stock in a transaction dated Friday, October 13th. The stock was acquired at an average cost of GBX 374 ($5.03) per share, with a total value of £3,493.16 ($4,701.43). Also, insider Tom Shippey sold 92,785 shares of the company’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of GBX 341 ($4.59), for a total transaction of £316,396.85 ($425,836.94).

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About Ashmore Group

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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