Ashmore Group plc Receives Consensus Rating of “Hold” from Analysts (LON:ASHM)
Shares of Ashmore Group plc (LON:ASHM) have received a consensus rating of “Hold” from the nineteen analysts that are covering the company, American Banking News reports. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is GBX 396.27 ($6.64).
Shares of Ashmore Group plc (LON:ASHM) traded down 1.28% on Thursday, hitting GBX 339.50. The stock had a trading volume of 1,284,797 shares. Ashmore Group plc has a one year low of GBX 314.00 and a one year high of GBX 436.00. The stock has a 50-day moving average of GBX 357.4 and a 200-day moving average of GBX 375.9. The company’s market cap is £2.282 billion.
Several analysts have recently commented on the stock. Analysts at RBC Capital reiterated an “underperform” rating on shares of Ashmore Group plc in a research note on Thursday. They now have a GBX 325 ($5.45) price target on the stock. Separately, analysts at Goldman Sachs cut their price target on shares of Ashmore Group plc from GBX 450 ($7.54) to GBX 415 ($6.95) in a research note on Monday. They now have a “buy” rating on the stock. Finally, 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.
Ashmore Group plc (LON:ASHM) is engaged in providing investment management services.
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