Liberum Capital upgraded shares of Ashmore Group plc (LON:ASHM) to a hold rating in a report issued on Wednesday. Liberum Capital currently has GBX 379 ($4.62) price target on the investment management service provider’s stock, up from their prior price target of GBX 240 ($2.93).
Other equities analysts have also recently issued research reports about the company. Shore Capital reaffirmed a sell rating on shares of Ashmore Group plc in a research note on Tuesday, September 6th. Peel Hunt reaffirmed a reduce rating and set a GBX 330 ($4.02) target price on shares of Ashmore Group plc in a research note on Monday, August 15th. Credit Suisse Group AG reaffirmed an underperform rating and set a GBX 305 ($3.72) target price on shares of Ashmore Group plc in a research note on Tuesday, July 12th. JPMorgan Chase & Co. lifted their target price on Ashmore Group plc from GBX 220 ($2.68) to GBX 250 ($3.05) and gave the company an underweight rating in a research note on Friday, July 15th. Finally, Jefferies Group lifted their target price on Ashmore Group plc from GBX 300 ($3.66) to GBX 318 ($3.88) and gave the company a hold rating in a research note on Wednesday, September 7th. Eight equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. Ashmore Group plc presently has an average rating of Hold and a consensus target price of GBX 315.14 ($3.84).
Shares of Ashmore Group plc (LON:ASHM) opened at 356.60 on Wednesday. The firm’s 50 day moving average is GBX 356.33 and its 200 day moving average is GBX 321.11. The firm’s market capitalization is GBX 2.38 billion. Ashmore Group plc has a 1-year low of GBX 193.50 and a 1-year high of GBX 378.50.
The company also recently disclosed a dividend, which will be paid on Friday, December 2nd. Stockholders of record on Thursday, November 3rd will be given a dividend of GBX 12.10 ($0.15) per share. The ex-dividend date of this dividend is Thursday, November 3rd. This is a boost from Ashmore Group plc’s previous dividend of $4.55. This represents a dividend yield of 3.38%.
In other Ashmore Group plc news, insider Shippey,Tom sold 215,780 shares of the company’s stock in a transaction on Monday, September 19th. The stock was sold at an average price of GBX 341 ($4.16), for a total value of £735,809.80 ($896,782.21).