Ashmore Group (ASHM) Receives Consensus Rating of “Hold” from Analysts

Ashmore Group (LON:ASHM) has been assigned an average recommendation of “Hold” from the sixteen ratings firms that are currently covering the company, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is GBX 394.21 ($5.53).

Several research firms recently weighed in on ASHM. Numis Securities upped their price objective on shares of Ashmore Group from GBX 340 ($4.77) to GBX 355 ($4.98) and gave the stock a “reduce” rating in a report on Tuesday, January 16th. Peel Hunt downgraded shares of Ashmore Group to a “hold” rating and upped their price objective for the stock from GBX 400 ($5.61) to GBX 440 ($6.18) in a report on Tuesday, January 16th. Liberum Capital reaffirmed a “hold” rating and issued a GBX 367 ($5.15) price objective on shares of Ashmore Group in a report on Friday, January 26th. Shore Capital reaffirmed a “hold” rating on shares of Ashmore Group in a report on Tuesday, January 16th. Finally, Credit Suisse Group upped their price objective on shares of Ashmore Group from GBX 325 ($4.56) to GBX 400 ($5.61) and gave the stock an “underperform” rating in a report on Wednesday, January 31st.

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Ashmore Group stock opened at GBX 379.60 ($5.33) on Thursday. Ashmore Group has a one year low of GBX 318.90 ($4.48) and a one year high of GBX 447.20 ($6.28).

The firm also recently declared a dividend, which was paid on Wednesday, April 4th. Shareholders of record on Thursday, March 8th were issued a GBX 4.55 ($0.06) dividend. This represents a yield of 1.18%. The ex-dividend date was Thursday, March 8th.

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About Ashmore Group

Ashmore Group plc is a publicly owned investment manager. The firm primarily provides its services to retail and institutional clients. It manages separate client-focused equity and fixed income portfolios. The firm also launches and manages equity and fixed income mutual funds for its clients. It invests in the public equity and fixed income markets in emerging markets across the globe.

Analyst Recommendations for Ashmore Group (LON:ASHM)

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