Ashmore Group Price Target Cut to GBX 380 by Analysts at BNP Paribas (ASHM)
Equities researchers at BNP Paribas cut their price target on shares of Ashmore Group (LON:ASHM) from GBX 460 ($7.58) to GBX 380 ($6.26) in a research report issued on Wednesday, AnalystRatings.NET reports. The firm currently has a “neutral” rating on the stock. BNP Paribas’ target price indicates a potential upside of 6.50% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at RBC Capital downgraded shares of Ashmore Group to an “underperform” rating in a research note to investors on Wednesday. They now have a GBX 325 ($5.36) price target on the stock, down previously from GBX 400 ($6.59). Separately, analysts at Numis Securities Ltd reiterated a “hold” rating on shares of Ashmore Group in a research note to investors on Tuesday. They now have a GBX 390 ($6.43) price target on the stock. Finally, analysts at Societe Generale cut their price target on shares of Ashmore Group from GBX 460 ($7.58) to GBX 430 ($7.09) in a research note to investors on Tuesday. They now have a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company’s stock. Ashmore Group presently has a consensus rating of “Hold” and an average target price of GBX 414.32 ($6.83).
Ashmore Group (LON:ASHM) traded down 0.34% on Wednesday, hitting GBX 356.80. The stock had a trading volume of 2,499,169 shares. 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 390.8 and its 200-day moving average is GBX 379.5. The company’s market cap is £2.398 billion.
Ashmore Group plc (LON:ASHM) is engaged in providing investment management services.
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