Ashmore Group Receives Buy Rating from Societe Generale (ASHM)
Ashmore Group (LON:ASHM)‘s stock had its “buy” rating reaffirmed by research analysts at Societe Generale in a report released on Thursday, Analyst RN reports. They currently have a GBX 460 ($7.38) price objective on the stock. Societe Generale’s price objective would indicate a potential upside of 17.29% from the company’s current price.
ASHM has been the subject of a number of other recent research reports. Analysts at RBC Capital reiterated a “sector performer” rating on shares of Ashmore Group in a research note to investors on Thursday. Separately, analysts at Canaccord Genuity raised their price target on shares of Ashmore Group from GBX 380 ($6.10) to GBX 400 ($6.42) in a research note to investors on Thursday. They now have a “hold” rating on the stock. Finally, 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. Eleven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of GBX 415.11 ($6.66).
Ashmore Group (LON:ASHM) traded up 2.63% on Thursday, hitting GBX 402.50. The stock had a trading volume of 1,043,899 shares. 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 362.1 and its 200-day moving average is GBX 371.6. The company’s market cap is £2.705 billion.
Ashmore Group plc (LON:ASHM) is engaged in providing investment management services.
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