Ashmore Group plc (LON:ASHM) had its price objective increased by Jefferies Group LLC from GBX 312 ($3.87) to GBX 325 ($4.04) in a report released on Monday. They currently have a hold rating on the investment management service provider’s stock.
A number of other research analysts have also recently commented on the company. Barclays PLC cut their target price on Ashmore Group plc from GBX 325 ($4.04) to GBX 270 ($3.35) and set an underweight rating on the stock in a research note on Monday, January 9th. Numis Securities Ltd reaffirmed a hold rating and set a GBX 290 ($3.60) target price on shares of Ashmore Group plc in a research note on Thursday, February 9th. Goldman Sachs Group Inc cut their target price on Ashmore Group plc from GBX 400 ($4.97) to GBX 370 ($4.59) and set a buy rating on the stock in a research note on Tuesday, January 24th. Citigroup Inc raised Ashmore Group plc to a neutral rating and set a GBX 370 ($4.59) target price on the stock in a research note on Monday, February 13th. Finally, Peel Hunt raised Ashmore Group plc to a hold rating and cut their target price for the company from GBX 330 ($4.10) to GBX 300 ($3.73) in a research note on Monday, January 16th. Five research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the company. Ashmore Group plc currently has a consensus rating of Hold and a consensus target price of GBX 321.07 ($3.99).
Ashmore Group plc (LON:ASHM) opened at 363.60 on Monday. Ashmore Group plc has a 52 week low of GBX 240.00 and a 52 week high of GBX 379.70. The firm’s 50-day moving average price is GBX 356.33 and its 200-day moving average price is GBX 327.64. The stock’s market cap is GBX 2.43 billion.
The company also recently disclosed a dividend, which was paid on Friday, April 7th. Investors of record on Thursday, March 9th were paid a GBX 4.55 ($0.06) dividend. The ex-dividend date of this dividend was Thursday, March 9th. This represents a yield of 1.36%.
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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