Ashmore Group Given Add Rating at Numis Securities Ltd (ASHM)
Ashmore Group (LON:ASHM)‘s stock had its “add” rating reaffirmed by investment analysts at Numis Securities Ltd in a note issued to investors on Tuesday, American Banking News reports. They currently have a GBX 405 ($6.33) price objective on the stock. Numis Securities Ltd’s target price would indicate a potential upside of 11.60% from the company’s current price.
ASHM has been the subject of a number of other recent research reports. Analysts at Espirito Santo Investment Bank Research reiterated a “buy” rating on shares of Ashmore Group (LON:ASHM) in a research note to investors on Monday. They now have a GBX 384 ($6.00) price target on the stock. Separately, analysts at Canaccord Genuity downgraded shares of Ashmore Group (LON:ASHM) from a “buy” rating to a “hold” rating in a research note to investors on Friday. They now have a GBX 380 ($5.94) price target on the stock. Finally, analysts at Societe Generale reiterated a “buy” rating on shares of Ashmore Group (LON:ASHM) in a research note to investors on Friday. They now have a GBX 450 ($7.04) price target on the stock.
One research analyst has rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company’s stock. Ashmore Group currently has a consensus rating of “Hold” and a consensus price target of GBX 400.03 ($6.25).
Ashmore Group (LON:ASHM) opened at 389.30 on Tuesday. Ashmore Group has a one year low of GBX 319.30 and a one year high of GBX 436.00. The stock’s 50-day moving average is GBX 357.4 and its 200-day moving average is GBX 370.1. The company’s market cap is £2.631 billion.
Ashmore Group plc (LON:ASHM) is engaged in providing investment management services.
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