Shares of Ashmore Group plc (LON:ASHM) have been assigned a consensus recommendation of “Hold” from the seventeen ratings firms that are covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is GBX 391 ($5.40).
ASHM has been the subject of several research reports. Canaccord Genuity initiated coverage on shares of Ashmore Group in a research report on Friday, December 1st. They set a “buy” rating and a GBX 410 ($5.66) price objective for the company. Numis Securities raised their price objective on shares of Ashmore Group from GBX 340 ($4.70) to GBX 355 ($4.90) and gave the stock a “reduce” rating in a research report on Tuesday, January 16th. Shore Capital restated a “hold” rating on shares of Ashmore Group in a research report on Thursday, February 8th. JPMorgan Chase & Co. upgraded shares of Ashmore Group to a “neutral” rating and raised their price objective for the stock from GBX 350 ($4.84) to GBX 395 ($5.46) in a research report on Wednesday, December 13th. Finally, Liberum Capital restated a “hold” rating and set a GBX 367 ($5.07) price objective on shares of Ashmore Group in a research report on Friday, January 12th.
Shares of Ashmore Group (LON:ASHM) traded up GBX 6.40 ($0.09) during mid-day trading on Wednesday, reaching GBX 399.20 ($5.52). 1,300,000 shares of the company’s stock traded hands, compared to its average volume of 1,760,000. The firm has a market capitalization of $2,820.00 and a P/E ratio of 1,900.95. Ashmore Group has a 1 year low of GBX 318.90 ($4.41) and a 1 year high of GBX 447.20 ($6.18).
The firm 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. The ex-dividend date of this dividend is Thursday, March 8th. This represents a dividend 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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