Ashmore Group plc (ASHM) Given Consensus Rating of “Hold” by Brokerages

Shares of Ashmore Group plc (LON:ASHM) have earned a consensus recommendation of “Hold” from the seventeen research firms that are presently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is GBX 394.60 ($5.45).

ASHM has been the topic of several recent analyst reports. Canaccord Genuity initiated coverage on Ashmore Group in a research note on Friday, December 1st. They issued a “buy” rating and a GBX 410 ($5.66) price target on the stock. Numis Securities lifted their price target on Ashmore Group from GBX 340 ($4.70) to GBX 355 ($4.90) and gave the company a “reduce” rating in a research note on Tuesday, January 16th. Shore Capital reiterated a “hold” rating on shares of Ashmore Group in a research note on Thursday, February 8th. JPMorgan Chase & Co. upgraded Ashmore Group to a “neutral” rating and lifted their price target for the company from GBX 350 ($4.84) to GBX 395 ($5.46) in a research note on Wednesday, December 13th. Finally, Liberum Capital reiterated a “hold” rating and issued a GBX 367 ($5.07) price target on shares of Ashmore Group in a research note on Friday, January 12th.

How to Become a New Pot Stock Millionaire

Shares of Ashmore Group (ASHM) traded up GBX 1.20 ($0.02) on Friday, hitting GBX 389.20 ($5.38). The stock had a trading volume of 3,329,883 shares, compared to its average volume of 1,580,000. Ashmore Group has a one year low of GBX 318.90 ($4.41) and a one year high of GBX 447.20 ($6.18). The company has a market cap of $2,740.00 and a price-to-earnings ratio of 1,853.33.

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

TRADEMARK VIOLATION WARNING: “Ashmore Group plc (ASHM) Given Consensus Rating of “Hold” by Brokerages” was first posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this piece on another domain, it was stolen and reposted in violation of U.S. and international trademark and copyright law. The original version of this piece can be read at https://www.dispatchtribunal.com/2018/04/08/ashmore-group-plc-ashm-given-consensus-rating-of-hold-by-brokerages.html.

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.

Analyst Recommendations for Ashmore Group (LON:ASHM)

Receive News & Ratings for Ashmore Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ashmore Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply