Ashmore Group (ASHM) PT Raised to GBX 355
Ashmore Group (LON:ASHM) had its price target raised by Numis Securities from GBX 340 ($4.61) to GBX 355 ($4.81) in a research report issued to clients and investors on Tuesday. The firm currently has a “reduce” rating on the investment management service provider’s stock. Numis Securities’ price target indicates a potential downside of 17.54% from the company’s previous close.
Several other analysts have also recently weighed in on ASHM. Shore Capital restated a “hold” rating on shares of Ashmore Group in a report on Tuesday. Liberum Capital restated a “hold” rating and set a GBX 367 ($4.98) price target on shares of Ashmore Group in a report on Friday. JPMorgan Chase & Co. upgraded Ashmore Group to a “neutral” rating and boosted their price target for the stock from GBX 350 ($4.75) to GBX 395 ($5.36) in a report on Wednesday, December 13th. Macquarie restated a “neutral” rating and set a GBX 384 ($5.21) price target on shares of Ashmore Group in a report on Wednesday, October 18th. Finally, Citigroup restated a “neutral” rating and set a GBX 370 ($5.02) price target on shares of Ashmore Group in a report on Wednesday, October 18th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company’s stock. Ashmore Group currently has an average rating of “Hold” and a consensus price target of GBX 370.71 ($5.03).
Ashmore Group (LON:ASHM) opened at GBX 430.50 ($5.84) on Tuesday. Ashmore Group has a 12-month low of GBX 279 ($3.78) and a 12-month high of GBX 447.20 ($6.06). The stock has a market capitalization of $3,050.00 and a PE ratio of 1,793.75.
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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