BNP Paribas Reiterates “neutral” Rating for Ashmore Group (ASHM)
Ashmore Group (LON:ASHM)‘s stock had its “neutral” rating reiterated by investment analysts at BNP Paribas in a note issued to investors on Monday, AR Network reports. They currently have a GBX 380 ($6.14) target price on the stock. BNP Paribas’ target price would suggest a potential downside of 4.47% from the stock’s previous close.
Ashmore Group (LON:ASHM) opened at 399.00 on Monday. 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 381.8 and a 200-day moving average of GBX 376.2. The company’s market cap is £2.682 billion.
A number of other analysts have also recently weighed in on ASHM. Analysts at Societe Generale reiterated a “buy” rating on shares of Ashmore Group in a research note to investors on Thursday, October 10th. They now have a GBX 460 ($7.44) price target on the stock. Separately, analysts at RBC Capital reiterated a “sector performer” rating on shares of Ashmore Group in a research note to investors on Thursday, October 10th. Finally, analysts at Canaccord Genuity raised their price target on shares of Ashmore Group from GBX 380 ($6.14) to GBX 400 ($6.47) in a research note to investors on Thursday, October 10th. They now have a “hold” rating on the stock. Eleven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Ashmore Group currently has an average rating of “Hold” and an average price target of GBX 415.11 ($6.71).
Ashmore Group plc (LON:ASHM) is engaged in providing investment management services.
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