Ashmore Group plc (LON:ASHM) has received an average rating of “Hold” from the eighteen brokerages that are currently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is GBX 362.53 ($4.88).

Several equities research analysts have recently commented on the stock. Morgan Stanley reduced their target price on shares of Ashmore Group from GBX 385 ($5.18) to GBX 346 ($4.66) and set an “equal weight” rating on the stock in a research note on Monday, September 18th. Macquarie boosted their target price on shares of Ashmore Group from GBX 344 ($4.63) to GBX 374 ($5.03) and gave the company a “neutral” rating in a research note on Thursday, August 24th. Numis Securities restated a “reduce” rating and issued a GBX 295 ($3.97) target price on shares of Ashmore Group in a research note on Friday, October 13th. Citigroup restated a “neutral” rating and issued a GBX 370 ($4.98) target price on shares of Ashmore Group in a research note on Wednesday, October 18th. Finally, Societe Generale restated a “hold” rating and issued a GBX 370 ($4.98) target price on shares of Ashmore Group in a research note on Wednesday, September 6th.

In related news, insider Clive Adamson purchased 934 shares of Ashmore Group stock in a transaction that occurred on Friday, October 13th. The shares were acquired at an average price of GBX 374 ($5.03) per share, for a total transaction of £3,493.16 ($4,701.43). Also, insider Tom Shippey sold 92,785 shares of the company’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of GBX 341 ($4.59), for a total transaction of £316,396.85 ($425,836.94).

Shares of Ashmore Group (LON:ASHM) traded down GBX 2.50 ($0.03) during trading on Friday, reaching GBX 372.60 ($5.01). 600,233 shares of the company’s stock traded hands, compared to its average volume of 908,205. Ashmore Group has a 12-month low of GBX 274.10 ($3.69) and a 12-month high of GBX 392.20 ($5.28).

The business also recently declared a dividend, which was paid on Friday, December 1st. Investors of record on Thursday, November 2nd were given a dividend of GBX 12.10 ($0.16) per share. This is an increase from Ashmore Group’s previous dividend of $4.55. The ex-dividend date of this dividend was Thursday, November 2nd. This represents a yield of 3.56%.

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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.

Analyst Recommendations for Ashmore Group (LON:ASHM)

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