Ashmore Group PT Raised to GBX 390 at Numis Securities Ltd (ASHM)
Analysts at Numis Securities Ltd lifted their price objective on shares of Ashmore Group (LON:ASHM) from GBX 380 ($6.10) to GBX 390 ($6.26) in a research report issued to clients and investors on Thursday, Stock Ratings Network.com reports. The firm currently has a “hold” rating on the stock. Numis Securities Ltd’s price target would indicate a potential downside of 0.56% from the company’s current price.
ASHM has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase & Co. raised their price target on shares of Ashmore Group from GBX 368 ($5.90) to GBX 390 ($6.26) in a research note to investors on Friday, October 4th. They now have a “neutral” rating on the stock. Separately, analysts at HSBC reiterated an “overweight” rating on shares of Ashmore Group in a research note to investors on Wednesday, September 25th. They now have a GBX 460 ($7.38) price target on the stock. Finally, analysts at RBC Capital reiterated a “sector performer” rating on shares of Ashmore Group in a research note to investors on Tuesday, September 24th. Eleven analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of GBX 414.49 ($6.65).
Shares of Ashmore Group (LON:ASHM) opened at 397.10 on Thursday. Ashmore Group has a 1-year low of GBX 319.30 and a 1-year 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 £2.669 billion.
Ashmore Group plc (LON:ASHM) is engaged in providing investment management services.
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