Ashmore Group plc (ASHM) Receives Hold Rating from Shore Capital

Ashmore Group plc (ASHM) Receives Hold Rating from Shore Capital

Shore Capital reissued their hold rating on shares of Ashmore Group plc (LON:ASHM) in a report published on Tuesday, April 18th.

Several other analysts have also commented on ASHM. Peel Hunt reaffirmed a hold rating and set a GBX 330 ($4.26) target price on shares of Ashmore Group plc in a report on Tuesday, April 18th. Citigroup Inc reaffirmed a buy rating and set a GBX 370 ($4.78) target price on shares of Ashmore Group plc in a report on Tuesday, January 31st. BNP Paribas dropped their price objective on Ashmore Group plc from GBX 300 ($3.87) to GBX 270 ($3.49) and set an underperform rating on the stock in a report on Tuesday, January 10th. Jefferies Group LLC raised their price objective on Ashmore Group plc from GBX 312 ($4.03) to GBX 325 ($4.20) and gave the company a hold rating in a report on Monday, April 10th. Finally, Morgan Stanley dropped their price objective on Ashmore Group plc from GBX 400 ($5.16) to GBX 340 ($4.39) and set an equal weight rating on the stock in a report on Thursday, January 26th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of GBX 329 ($4.25).

Ashmore Group plc (LON:ASHM) traded up 0.56% during trading on Tuesday, reaching GBX 358.00. 1,129,453 shares of the company traded hands. The firm’s market capitalization is GBX 2.39 billion. The company’s 50-day moving average price is GBX 354.23 and its 200 day moving average price is GBX 326.31. Ashmore Group plc has a 52 week low of GBX 240.00 and a 52 week high of GBX 379.70. The business also recently announced a dividend, which was paid on Friday, April 7th. Investors of record on Thursday, March 9th were paid a dividend of GBX 4.55 ($0.06) per share. The ex-dividend date was Thursday, March 9th. This represents a yield of 1.36%.

In related news, insider Tom Shippey sold 9,079 shares of the business’s stock in a transaction on Tuesday, April 18th. The stock was sold at an average price of GBX 366 ($4.73), for a total transaction of £33,229.14 ($42,903.99). Ashmore Group plc 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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