Ashmore Group plc Lowered to “Hold” at Canaccord Genuity (ASHM)
Ashmore Group plc (LON:ASHM) was downgraded by investment analysts at Canaccord Genuity to a “hold” rating in a note issued to investors on Tuesday, ARN reports. They currently have a GBX 325 ($5.40) price objective on the stock, down from their previous price objective of GBX 400 ($6.65). Canaccord Genuity’s price target suggests a potential downside of 4.38% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Numis Securities Ltd reiterated a “hold” rating on shares of Ashmore Group plc in a research note on Tuesday. They now have a GBX 345 ($5.74) price target on the stock. Separately, analysts at Espirito Santo Investment Bank Research reiterated a “buy” rating on shares of Ashmore Group plc in a research note on Tuesday. They now have a GBX 395 ($6.57) price target on the stock. Finally, analysts at Keefe, Bruyette & Woods reiterated a “market perform” rating on shares of Ashmore Group plc in a research note on Monday. They now have a GBX 404 ($6.72) price target on the stock. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of GBX 395.55 ($6.58).
Ashmore Group plc (LON:ASHM) opened at 314.00 on Tuesday. 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 351.1 and a 200-day moving average of GBX 375.2. The company’s market cap is £2.111 billion.
Ashmore Group plc (LON:ASHM) is engaged in providing investment management services.
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