Ashmore Group’s “Sector Performer” Rating Reaffirmed at RBC Capital (ASHM)
Ashmore Group (LON:ASHM)‘s stock had its “sector performer” rating reaffirmed by RBC Capital in a research note issued on Tuesday, Analyst Ratings Network.com reports.
A number of other firms have also recently commented on ASHM. Analysts at Berenberg Bank cut their price target on shares of Ashmore Group (LON:ASHM) from GBX 500 ($8.01) to GBX 470 ($7.53) in a research note to investors on Friday. They now have a “buy” rating on the stock. Separately, analysts at Morgan Stanley cut their price target on shares of Ashmore Group (LON:ASHM) from GBX 420 ($6.73) to GBX 410 ($6.57) in a research note to investors on Thursday, September 12th. They now have an “equal weight” rating on the stock. Finally, analysts at Numis Securities Ltd downgraded shares of Ashmore Group (LON:ASHM) from an “add” rating to a “hold” rating in a research note to investors on Wednesday, September 11th. They now have a GBX 385 ($6.17) price target on the stock, down previously from GBX 405 ($6.49).
One analyst has rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the stock. Ashmore Group currently has an average rating of “Hold” and a consensus target price of GBX 401.56 ($6.43).
Ashmore Group (LON:ASHM) opened at 393.60 on Tuesday. Ashmore Group has a 52-week low of GBX 319.30 and a 52-week high of GBX 436.00. The stock has a 50-day moving average of GBX 362.1 and a 200-day moving average of GBX 371.6. The company’s market cap is £2.646 billion.
Ashmore Group plc (LON:ASHM) is engaged in providing investment management services.
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