Ashmore Group PT Raised to GBX 400 (ASHM)
Equities researchers at Canaccord Genuity raised their price objective on shares of Ashmore Group (LON:ASHM) from GBX 380 ($6.10) to GBX 400 ($6.42) in a research report issued on Thursday, American Banking News reports. The firm currently has a “hold” rating on the stock. Canaccord Genuity’s price objective would suggest a potential upside of 1.99% from the company’s current price.
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’s 50-day moving average is GBX 362.1 and its 200-day moving average is GBX 371.6. The company’s market cap is £2.669 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Numis Securities Ltd raised their price target on shares of Ashmore Group from GBX 380 ($6.10) to GBX 390 ($6.26) in a research note to investors on Thursday. They now have a “hold” rating on the stock. Separately, 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. Eleven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Ashmore Group presently has an average rating of “Hold” and a consensus target price of GBX 414.49 ($6.65).
Ashmore Group plc (LON:ASHM) is engaged in providing investment management services.
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