RBC Capital Reiterates Underperform Rating for Ashmore Group plc (ASHM)
Ashmore Group plc (LON:ASHM)‘s stock had its “underperform” rating reiterated by research analysts at RBC Capital in a report released on Thursday, Analyst Ratings.Net reports. They currently have a GBX 325 ($5.45) price objective on the stock. RBC Capital’s price target would indicate a potential downside of 5.50% from the company’s current price.
Ashmore Group plc (LON:ASHM) opened at 338.80 on Thursday. 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 £2.277 billion.
Other equities research analysts have also recently issued reports about the stock. 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. Separately, 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. Finally, 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. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company’s stock. Ashmore Group plc currently has an average rating of “Hold” and an average price target of GBX 396.27 ($6.64).
Ashmore Group plc (LON:ASHM) is engaged in providing investment management services.
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