Ashmore Group plc (LON:ASHM) had its target price hoisted by Macquarie from GBX 344 ($4.47) to GBX 374 ($4.86) in a note issued to investors on Thursday. The brokerage currently has a “neutral” rating on the investment management service provider’s stock. Macquarie’s price objective suggests a potential upside of 1.00% from the company’s current price.

A number of other brokerages have also issued reports on ASHM. Shore Capital reaffirmed a “hold” rating on shares of Ashmore Group plc in a report on Tuesday, August 15th. Berenberg Bank assumed coverage on shares of Ashmore Group plc in a report on Thursday, June 15th. They issued a “buy” rating and a GBX 400 ($5.19) target price for the company. Barclays PLC raised shares of Ashmore Group plc to an “equal weight” rating and raised their target price for the company from GBX 300 ($3.89) to GBX 370 ($4.80) in a report on Thursday, July 20th. Peel Hunt raised shares of Ashmore Group plc to an “add” rating and raised their target price for the company from GBX 330 ($4.28) to GBX 400 ($5.19) in a report on Monday, June 19th. Finally, Goldman Sachs Group, Inc. (The) reissued a “buy” rating and issued a GBX 415 ($5.39) target price on shares of Ashmore Group plc in a report on Tuesday, May 30th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of GBX 355.38 ($4.61).

Shares of Ashmore Group plc (LON ASHM) opened at 370.30 on Thursday. The company’s market cap is GBX 2.48 billion. The stock’s 50 day moving average is GBX 355.43 and its 200-day moving average is GBX 354.00. Ashmore Group plc has a one year low of GBX 269.00 and a one year high of GBX 379.70.

COPYRIGHT VIOLATION NOTICE: “Ashmore Group plc (ASHM) PT Raised to GBX 374 at Macquarie” was first published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece on another domain, it was illegally copied and reposted in violation of US and international trademark & copyright law. The legal version of this piece can be read at https://www.thecerbatgem.com/2017/08/26/ashmore-group-plc-ashm-pt-raised-to-gbx-374-at-macquarie.html.

Ashmore Group plc 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 plc (LON:ASHM)

Receive News & Stock Ratings for Ashmore Group plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ashmore Group plc and related stocks with our FREE daily email newsletter.