Ashmore Group Stock Rating Upgraded by Goldman Sachs Group Inc. (ASHM)
Ashmore Group (LON:ASHM) was upgraded by investment analysts at Goldman Sachs Group Inc. to a “buy” rating in a note issued to investors on Monday, Analyst Ratings.Net reports. The firm currently has a GBX 500 ($8.24) price objective on the stock, up from their previous price objective of GBX 450 ($7.42). Goldman Sachs Group Inc.’s price objective would indicate a potential upside of 22.31% from the stock’s previous close.
Shares of Ashmore Group (LON:ASHM) traded up 0.22% during mid-day trading on Monday, hitting GBX 408.80. 1,571,674 shares of the company’s stock traded hands. Ashmore Group has a 52-week low of GBX 319.30 and a 52-week high of GBX 436.00. The stock’s 50-day moving average is GBX 392.6 and its 200-day moving average is GBX 379.3. The company’s market cap is £2.748 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase & Co. cut their price target on shares of Ashmore Group from GBX 390 ($6.43) to GBX 386 ($6.36) in a research note to investors on Friday. They now have a “neutral” rating on the stock. Separately, analysts at Barclays reiterated an “equal weight” rating on shares of Ashmore Group in a research note to investors on Friday, January 3rd. They now have a GBX 410 ($6.76) price target on the stock. Finally, analysts at UniCredit SpA upgraded shares of Ashmore Group to a “buy” rating in a research note to investors on Friday, December 20th. They now have a GBX 430 ($7.09) price target on the stock, up previously from GBX 390 ($6.43). Ten research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of GBX 423.11 ($6.97).
Ashmore Group plc (LON:ASHM) is engaged in providing investment management services.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.