Ashmore Group’s “Hold” Rating Reaffirmed at Numis Securities Ltd (ASHM)
Ashmore Group (LON:ASHM)‘s stock had its “hold” rating reaffirmed by analysts at Numis Securities Ltd in a research report issued to clients and investors on Tuesday, StockRatingsNetwork.com reports. They currently have a GBX 390 ($6.43) price objective on the stock. Numis Securities Ltd’s price target suggests a potential downside of 4.60% from the stock’s previous close.
Ashmore Group (LON:ASHM) opened at 360.10 on Tuesday. 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 392.6 and its 200-day moving average is GBX 379.3. The company’s market cap is £2.420 billion.
A number of other firms have also recently commented on ASHM. Analysts at Societe Generale reiterated a “buy” rating on shares of Ashmore Group in a research note to investors on Tuesday. They now have a GBX 460 ($7.58) price target on the stock. Separately, analysts at Canaccord Genuity reiterated a “hold” rating on shares of Ashmore Group in a research note to investors on Tuesday. They now have a GBX 400 ($6.59) price target on the stock. Finally, analysts at Goldman Sachs Group Inc. upgraded shares of Ashmore Group to a “buy” rating in a research note to investors on Monday. They now have a GBX 500 ($8.24) price target on the stock, up previously from GBX 450 ($7.42). Ten research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of GBX 423.11 ($6.97).
Ashmore Group plc (LON:ASHM) is engaged in providing investment management services.
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