Ashmore Group plc (ASHM) Stock Rating Reaffirmed by Peel Hunt
Ashmore Group plc (LON:ASHM)‘s stock had its “add” rating reiterated by Peel Hunt in a research report issued on Thursday. They currently have a GBX 400 ($5.17) price target on the investment management service provider’s stock. Peel Hunt’s price target points to a potential upside of 17.65% from the stock’s previous close.
ASHM has been the subject of several other research reports. Liberum Capital decreased their price objective on shares of Ashmore Group plc from GBX 338 ($4.37) to GBX 333 ($4.30) and set a “hold” rating for the company in a research note on Friday, July 7th. Shore Capital reiterated a “hold” rating on shares of Ashmore Group plc in a research note on Friday, July 14th. Barclays PLC upgraded shares of Ashmore Group plc to an “equal weight” rating and raised their price target for the stock from GBX 300 ($3.87) to GBX 370 ($4.78) in a research note on Thursday, July 20th. Macquarie raised their price target on shares of Ashmore Group plc from GBX 344 ($4.44) to GBX 374 ($4.83) and gave the stock a “neutral” rating in a research note on Thursday, August 24th. Finally, Societe Generale restated a “hold” rating and set a GBX 370 ($4.78) price target on shares of Ashmore Group plc in a research note on Wednesday. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of GBX 356.31 ($4.60).
Shares of Ashmore Group plc (ASHM) opened at 340.00 on Thursday. The company has a 50 day moving average price of GBX 360.33 and a 200-day moving average price of GBX 355.44. Ashmore Group plc has a 52-week low of GBX 269.00 and a 52-week high of GBX 379.70. The firm’s market cap is GBX 2.27 billion.
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About Ashmore Group plc
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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