Ashmore Group plc’s Hold Rating Reaffirmed at Numis Securities Ltd (ASHM)
Ashmore Group plc (LON:ASHM)‘s stock had its “hold” rating reiterated by Numis Securities Ltd in a research note issued on Tuesday, American Banking & Market News reports. They currently have a GBX 345 ($5.74) target price on the stock. Numis Securities Ltd’s target price indicates a potential upside of 1.50% from the stock’s previous close.
Shares of Ashmore Group plc (LON:ASHM) opened at 314.00 on Tuesday. Ashmore Group plc has a 52 week low of GBX 314.00 and a 52 week 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.
A number of other firms have also recently commented on ASHM. 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. Separately, 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. Finally, analysts at RBC Capital reiterated an “underperform” rating on shares of Ashmore Group plc in a research note on Thursday, February 20th. They now have a GBX 325 ($5.40) price target on the stock. One investment 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 company presently has an average rating of “Hold” and an average target price of GBX 395.55 ($6.58).
Ashmore Group plc (LON:ASHM) is engaged in providing investment management services.
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