Shares of Ashmore Group plc (LON:ASHM) have earned a consensus recommendation of “Hold” from the fifteen analysts that are covering the company. Eight analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is GBX 312.85 ($3.87).
ASHM has been the subject of a number of analyst reports. Goldman Sachs Group Inc. upgraded Ashmore Group plc to a “buy” rating and boosted their price target for the stock from GBX 310 ($3.84) to GBX 420 ($5.20) in a research report on Friday, July 15th. Peel Hunt boosted their price target on Ashmore Group plc from GBX 270 ($3.34) to GBX 310 ($3.84) and gave the stock a “hold” rating in a research report on Thursday, July 14th. Jefferies Group boosted their price target on Ashmore Group plc from GBX 261 ($3.23) to GBX 300 ($3.71) and gave the stock a “hold” rating in a research report on Wednesday, July 6th. Societe Generale reiterated a “hold” rating and set a GBX 345 ($4.27) price target (up previously from GBX 295 ($3.65)) on shares of Ashmore Group plc in a research report on Wednesday, September 7th. Finally, Liberum Capital upgraded Ashmore Group plc to a “hold” rating and upped their price objective for the company from GBX 240 ($2.97) to GBX 379 ($4.69) in a report on Wednesday.
Shares of Ashmore Group plc (LON:ASHM) opened at 365.00 on Tuesday. The company’s 50-day moving average price is GBX 356.48 and its 200-day moving average price is GBX 319.71. Ashmore Group plc has a 52-week low of GBX 193.50 and a 52-week high of GBX 378.50. The stock’s market cap is GBX 2.43 billion.
The company also recently announced a dividend, which will be paid on Friday, December 2nd. Shareholders of record on Thursday, November 3rd will be given a GBX 12.10 ($0.15) dividend. This is a positive change from Ashmore Group plc’s previous dividend of $4.55. This represents a yield of 3.38%. The ex-dividend date is Thursday, November 3rd.