Ashmore Group’s “Neutral” Rating Reaffirmed at BNP Paribas (ASHM)
Ashmore Group (LON:ASHM)‘s stock had its “neutral” rating reiterated by equities researchers at BNP Paribas in a research report issued on Friday, Stock Ratings Network reports. They currently have a GBX 360 ($5.91) target price on the stock. BNP Paribas’ target price points to a potential upside of 10.50% from the company’s current price.
A number of other analysts have also recently weighed in on ASHM. Analysts at Morgan Stanley cut their price target on shares of Ashmore Group from GBX 410 ($6.73) to GBX 365 ($5.99) in a research note to investors on Friday. They now have an “equal weight” rating on the stock. Separately, analysts at Credit Suisse cut their price target on shares of Ashmore Group from GBX 410 ($6.73) to GBX 375 ($6.16) in a research note to investors on Monday. They now have a “neutral” rating on the stock. Finally, 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. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of GBX 408.77 ($6.71).
Ashmore Group (LON:ASHM) traded down 5.29% on Friday, hitting GBX 325.80. The stock had a trading volume of 2,891,163 shares. Ashmore Group has a one year low of GBX 319.30 and a one year high of GBX 436.00. The stock has a 50-day moving average of GBX 383. and a 200-day moving average of GBX 379.7. The company’s market cap is £2.190 billion.
Ashmore Group plc (LON:ASHM) is engaged in providing investment management services.
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