Numis Securities Ltd restated their hold rating on shares of Ashmore Group plc (LON:ASHM) in a report released on Thursday, September 7th. Numis Securities Ltd currently has a GBX 320 ($4.13) price target on the investment management service provider’s stock.
ASHM has been the subject of a number of other reports. Liberum Capital reduced their target price on shares of Ashmore Group plc from GBX 338 ($4.37) to GBX 333 ($4.30) and set a hold rating for the company in a report on Friday, July 7th. Shore Capital reaffirmed a hold rating on shares of Ashmore Group plc in a report on Friday, July 14th. Barclays PLC raised shares of Ashmore Group plc to an equal weight rating and increased their price objective for the stock from GBX 300 ($3.87) to GBX 370 ($4.78) in a research note on Thursday, July 20th. Peel Hunt reissued an add rating and issued a GBX 400 ($5.17) price objective on shares of Ashmore Group plc in a research note on Friday, July 14th. Finally, Macquarie increased their price objective on shares of Ashmore Group plc from GBX 344 ($4.44) to GBX 374 ($4.83) and gave the stock a neutral rating in a research note on Thursday, August 24th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the company. Ashmore Group plc currently has an average rating of Hold and an average target price of GBX 354.75 ($4.58).
Ashmore Group plc (LON:ASHM) opened at 340.10 on Thursday. Ashmore Group plc has a 12-month low of GBX 269.00 and a 12-month high of GBX 379.70. The company has a 50-day moving average of GBX 358.22 and a 200 day moving average of GBX 354.98. The company’s market capitalization is GBX 2.27 billion.
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The company also recently announced a dividend, which will be paid on Friday, December 1st. Stockholders of record on Thursday, November 2nd will be issued a GBX 12.10 ($0.16) dividend. This represents a dividend yield of 3.56%. The ex-dividend date of this dividend is Thursday, November 2nd. This is a positive change from Ashmore Group plc’s previous dividend of $4.55.
Ashmore Group plc 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.
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