Ashmore Group (LON:ASHM) had its target price upped by Credit Suisse Group from GBX 325 ($4.49) to GBX 400 ($5.53) in a research note released on Wednesday, January 31st. Credit Suisse Group currently has an underperform rating on the investment management service provider’s stock.
ASHM has been the subject of a number of other reports. Canaccord Genuity boosted their price target on shares of Ashmore Group from GBX 410 ($5.66) to GBX 450 ($6.22) and gave the stock a buy rating in a report on Friday, January 19th. Numis Securities restated a reduce rating and set a GBX 295 ($4.08) price target on shares of Ashmore Group in a report on Friday, October 13th. Citigroup restated a neutral rating and set a GBX 370 ($5.11) price target on shares of Ashmore Group in a report on Wednesday, October 18th. Liberum Capital restated a hold rating and set a GBX 367 ($5.07) price target on shares of Ashmore Group in a report on Friday, January 26th. Finally, Berenberg Bank boosted their price target on shares of Ashmore Group from GBX 380 ($5.25) to GBX 410 ($5.66) and gave the stock a buy rating in a report on Thursday, October 19th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company. Ashmore Group presently has an average rating of Hold and a consensus target price of GBX 389.50 ($5.38).
Ashmore Group (LON:ASHM) traded up GBX 10.60 ($0.15) on Wednesday, reaching GBX 397.60 ($5.49). 1,625,153 shares of the company’s stock traded hands, compared to its average volume of 1,700,000. Ashmore Group has a 12-month low of GBX 318.90 ($4.41) and a 12-month high of GBX 447.20 ($6.18). The company has a market capitalization of $2,810.00 and a P/E ratio of 1,893.33.
The company also recently announced a dividend, which will be paid on Wednesday, April 4th. Investors of record on Thursday, March 8th will be issued a dividend of GBX 4.55 ($0.06) per share. This represents a yield of 1.18%. The ex-dividend date of this dividend is Thursday, March 8th.
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Ashmore Group 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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