Ashmore Group Rating Lowered to Hold at Numis Securities Ltd (ASHM)
Ashmore Group (LON:ASHM) was downgraded by analysts at Numis Securities Ltd from an “add” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, ARN reports. They currently have a GBX 385 ($6.02) price objective on the stock, down from their previous price objective of GBX 405 ($6.33). Numis Securities Ltd’s price objective suggests a potential upside of 0.73% from the stock’s previous close.
Shares of Ashmore Group (LON:ASHM) opened at 385.40 on Wednesday. Ashmore Group has a 1-year low of GBX 319.30 and a 1-year high of GBX 436.00. The stock’s 50-day moving average is GBX 358.1 and its 200-day moving average is GBX 370.2. The company’s market cap is £2.604 billion.
Several other analysts have also recently commented on the stock. Analysts at Bank of America Corp. raised their price target on shares of Ashmore Group (LON:ASHM) from GBX 405 ($6.33) to GBX 430 ($6.72) in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Separately, analysts at JPMorgan Chase & Co. cut their price target on shares of Ashmore Group (LON:ASHM) from GBX 377 ($5.89) to GBX 368 ($5.75) in a research note to investors on Wednesday. They now have a “neutral” rating on the stock. Finally, analysts at Credit Suisse reiterated a “neutral” rating on shares of Ashmore Group (LON:ASHM) in a research note to investors on Tuesday. They now have a GBX 410 ($6.41) price target on the stock.
One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of GBX 398.33 ($6.23).
Ashmore Group plc (LON:ASHM) is engaged in providing investment management services.
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