JPMorgan Chase & Co. Raises Ashmore Group (ASHM) Price Target to GBX 425
Ashmore Group (LON:ASHM) had its price objective hoisted by JPMorgan Chase & Co. from GBX 395 ($5.36) to GBX 425 ($5.76) in a report released on Wednesday morning. JPMorgan Chase & Co. currently has a neutral rating on the investment management service provider’s stock.
Several other research firms have also recently issued reports on ASHM. Canaccord Genuity initiated coverage on shares of Ashmore Group in a report on Friday, December 1st. They issued a buy rating and a GBX 410 ($5.56) price objective for the company. Numis Securities increased their price objective on shares of Ashmore Group from GBX 340 ($4.61) to GBX 355 ($4.81) and gave the company a reduce rating in a report on Tuesday, January 16th. Peel Hunt reiterated an add rating and issued a GBX 400 ($5.42) price objective on shares of Ashmore Group in a report on Friday, October 13th. Shore Capital reiterated a hold rating on shares of Ashmore Group in a report on Tuesday, January 16th. Finally, Liberum Capital reiterated a hold rating and issued a GBX 367 ($4.98) price objective on shares of Ashmore Group in a report on Friday, January 12th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company. Ashmore Group currently has a consensus rating of Hold and a consensus price target of GBX 377.18 ($5.11).
Ashmore Group (LON ASHM) opened at GBX 425.20 ($5.77) on Wednesday. The stock has a market cap of $3,010.00 and a P/E ratio of 1,771.67. Ashmore Group has a 1-year low of GBX 286.30 ($3.88) and a 1-year high of GBX 447.20 ($6.06).
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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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