Ashmore Group Price Target Cut to GBX 375 by Analysts at Credit Suisse (ASHM)
Stock analysts at Credit Suisse lowered their price objective on shares of Ashmore Group (LON:ASHM) from GBX 410 ($6.73) to GBX 375 ($6.16) in a report issued on Monday, Analyst Ratings.Net reports. The firm currently has a “neutral” rating on the stock. Credit Suisse’s price target suggests a potential upside of 5.16% from the stock’s previous close.
Shares of Ashmore Group (LON:ASHM) opened at 356.10 on Monday. Ashmore Group has a 1-year low of GBX 319.30 and a 1-year high of GBX 436.00. The stock has a 50-day moving average of GBX 389.0 and a 200-day moving average of GBX 379.2. The company’s market cap is £2.394 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays reiterated an “equal weight” rating on shares of Ashmore Group in a research note to investors on Wednesday, January 15th. They now have a GBX 380 ($6.24) price target on the stock. Separately, analysts at BNP Paribas cut their price target on shares of Ashmore Group from GBX 460 ($7.55) to GBX 380 ($6.24) in a research note to investors on Wednesday, January 15th. They now have a “neutral” rating on the stock. Finally, analysts at RBC Capital downgraded shares of Ashmore Group to an “underperform” rating in a research note to investors on Wednesday, January 15th. They now have a GBX 325 ($5.33) price target on the stock, down previously from GBX 400 ($6.57). One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of GBX 412.38 ($6.77).
Ashmore Group plc (LON:ASHM) is engaged in providing investment management services.
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