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Equities research analysts at Goldman Sachs reduced their target price on shares of Ashmore Group plc (LON:ASHM) from GBX 450 ($7.54) to GBX 415 ($6.95) in a research note issued to investors on Monday, Analyst Ratings Net reports. The firm currently has a “buy” rating on the stock. Goldman Sachs’ target price points to a potential upside of 20.67% from the stock’s previous close.

A number of other firms have also recently commented on ASHM. Analysts at Numis Securities Ltd reiterated a “hold” rating on shares of Ashmore Group plc in a research note on Thursday, February 6th. They now have a GBX 345 ($5.78) price target on the stock. Separately, analysts at Canaccord Genuity upgraded shares of Ashmore Group plc to a “buy” rating in a research note on Wednesday, February 5th. They now have a GBX 400 ($6.70) price target on the stock. Finally, analysts at Berenberg Bank downgraded shares of Ashmore Group plc to a “hold” rating in a research note on Friday, January 31st. They now have a GBX 375 ($6.28) price target on the stock, down previously from GBX 470 ($7.88). One analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the stock. Ashmore Group plc presently has a consensus rating of “Hold” and a consensus target price of GBX 396.27 ($6.64).

Ashmore Group plc (LON:ASHM) opened at 345.80 on Monday. Ashmore Group plc has a 1-year low of GBX 314.00 and a 1-year high of GBX 436.00. The stock has a 50-day moving average of GBX 361.8 and a 200-day moving average of GBX 376.4. The company’s market cap is £2.324 billion.

Ashmore Group plc (LON:ASHM) is engaged in providing investment management services.

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