Ashmore Group plc Price Target Cut to GBX 415 by Analysts at Goldman Sachs (ASHM)
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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