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.
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%.
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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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