Ashmore Group plc (LON:ASHM) had its target price hoisted by Berenberg Bank from GBX 380 ($5.00) to GBX 410 ($5.39) in a research report report published on Thursday, October 19th. Berenberg Bank currently has a buy rating on the investment management service provider’s stock.
Several other analysts have also recently weighed in on the company. Barclays PLC raised Ashmore Group plc to an equal weight rating and raised their price target for the company from GBX 300 ($3.95) to GBX 370 ($4.87) in a report on Thursday, July 20th. BNP Paribas reaffirmed an underperform rating and issued a GBX 330 ($4.34) price target on shares of Ashmore Group plc in a report on Tuesday, July 18th. Peel Hunt reaffirmed an add rating and issued a GBX 400 ($5.26) price target on shares of Ashmore Group plc in a report on Thursday, September 7th. Credit Suisse Group raised their price target on Ashmore Group plc from GBX 269 ($3.54) to GBX 325 ($4.27) and gave the company an underperform rating in a report on Tuesday, July 18th. Finally, Societe Generale reaffirmed a hold rating and issued a GBX 370 ($4.87) price target on shares of Ashmore Group plc in a report on Wednesday, September 6th. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the stock. Ashmore Group plc has a consensus rating of Hold and an average target price of GBX 359.56 ($4.73).
Ashmore Group plc (ASHM) traded up GBX 0.17 ($0.00) during trading hours on Thursday, hitting GBX 367.77 ($4.84). 1,040,000 shares of the company’s stock traded hands, compared to its average volume of 1,120,000. Ashmore Group plc has a fifty-two week low of GBX 269 ($3.54) and a fifty-two week high of GBX 392.20 ($5.16).
The company also recently disclosed a dividend, which will be paid on Friday, December 1st. Stockholders of record on Thursday, November 2nd will be given a dividend of GBX 12.10 ($0.16) per share. 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. This represents a dividend yield of 3.56%.
In related news, insider Tom Shippey sold 92,785 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of GBX 341 ($4.49), for a total transaction of £316,396.85 ($416,147.38). Also, insider Clive Adamson purchased 934 shares of Ashmore Group plc stock in a transaction that occurred on Friday, October 13th. The shares were bought at an average price of GBX 374 ($4.92) per share, for a total transaction of £3,493.16 ($4,594.45).
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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