Berenberg Bank Reaffirms “Buy” Rating for Ashmore Group (ASHM)

Berenberg Bank reissued their buy rating on shares of Ashmore Group (LON:ASHM) in a report published on Monday morning. Berenberg Bank currently has a GBX 440 ($6.08) price objective on the investment management service provider’s stock.

ASHM has been the topic of a number of other reports. JPMorgan Chase & Co. upgraded shares of Ashmore Group to a neutral rating and raised their price target for the company from GBX 350 ($4.84) to GBX 395 ($5.46) in a report on Wednesday, December 13th. Citigroup restated a neutral rating and issued a GBX 370 ($5.11) price target on shares of Ashmore Group in a report on Wednesday, October 18th. Shore Capital restated a hold rating on shares of Ashmore Group in a report on Tuesday, January 16th. Liberum Capital reiterated a hold rating and issued a GBX 367 ($5.07) target price on shares of Ashmore Group in a research note on Friday, January 12th. Finally, Canaccord Genuity lifted their target price on shares of Ashmore Group from GBX 410 ($5.66) to GBX 450 ($6.22) and gave the stock a buy rating in a research note on Friday, January 19th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company’s stock. Ashmore Group has an average rating of Hold and an average price target of GBX 389.50 ($5.38).

Ashmore Group (LON:ASHM) opened at GBX 399.88 ($5.52) on Monday. Ashmore Group has a 52-week low of GBX 318.90 ($4.41) and a 52-week high of GBX 447.20 ($6.18). The firm has a market capitalization of $2,810.00 and a price-to-earnings ratio of 1,904.19.

The company also recently announced a dividend, which will be paid on Wednesday, April 4th. Stockholders of record on Thursday, March 8th will be issued a dividend of GBX 4.55 ($0.06) per share. This represents a dividend yield of 1.18%. The ex-dividend date is Thursday, March 8th.

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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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