Liberum Capital Reiterates “Under Review” Rating for Ashmore Group (ASHM)
ASHM has been the topic of a number of other research reports. Canaccord Genuity raised their price objective on Ashmore Group from GBX 410 ($5.75) to GBX 450 ($6.31) and gave the stock a buy rating in a research note on Friday, January 19th. Credit Suisse Group raised their target price on Ashmore Group from GBX 325 ($4.56) to GBX 400 ($5.61) and gave the company an underperform rating in a report on Wednesday, January 31st. Numis Securities reaffirmed a reduce rating and issued a GBX 295 ($4.14) target price on shares of Ashmore Group in a report on Friday, October 13th. Citigroup reaffirmed a neutral rating and issued a GBX 370 ($5.19) target price on shares of Ashmore Group in a report on Wednesday, October 18th. Finally, Berenberg Bank raised their target price on Ashmore Group from GBX 380 ($5.33) to GBX 410 ($5.75) and gave the company a buy rating in a report on Thursday, October 19th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of GBX 387.63 ($5.44).
Ashmore Group (ASHM) opened at GBX 386.60 ($5.42) on Thursday. Ashmore Group has a 52 week low of GBX 318.90 ($4.47) and a 52 week high of GBX 447.20 ($6.27). The company has a market capitalization of $2,730.00 and a price-to-earnings ratio of 1,840.95.
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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.
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