Ashmore Group’s (ASHM) Buy Rating Reiterated at Berenberg Bank
Ashmore Group (LON:ASHM)‘s stock had its “buy” rating reiterated by analysts at Berenberg Bank in a research note issued to investors on Monday. They presently have a GBX 440 ($6.08) price objective on the investment management service provider’s stock. Berenberg Bank’s price target would suggest a potential upside of 13.70% from the company’s previous close.
ASHM has been the subject of several other research reports. Shore Capital reiterated a “hold” rating on shares of Ashmore Group in a research note on Thursday, February 8th. Liberum Capital reiterated an “under review” rating on shares of Ashmore Group in a research note on Thursday, February 8th. Citigroup reiterated a “neutral” rating and issued a GBX 370 ($5.11) price objective on shares of Ashmore Group in a research note on Wednesday, October 18th. Numis Securities reiterated a “reduce” rating and issued a GBX 355 ($4.90) price objective on shares of Ashmore Group in a research note on Thursday, February 8th. Finally, Macquarie reiterated a “neutral” rating and issued a GBX 384 ($5.31) price objective on shares of Ashmore Group in a research note on Wednesday, October 18th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of GBX 389.50 ($5.38).
Shares of Ashmore Group (LON:ASHM) opened at GBX 387 ($5.35) on Monday. Ashmore Group has a fifty-two week low of GBX 318.90 ($4.41) and a fifty-two week high of GBX 447.20 ($6.18). The firm has a market cap of $2,740.00 and a PE ratio of 1,842.86.
About Ashmore Group
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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