Ashmore Group plc Given Buy Rating at Jefferies Group (ASHM)
Ashmore Group plc (LON:ASHM)‘s stock had its “buy” rating reiterated by equities research analysts at Jefferies Group in a research note issued to investors on Monday, StockRatingsNetwork reports. They currently have a GBX 400 ($6.74) target price on the stock. Jefferies Group’s price target suggests a potential upside of 14.68% from the company’s current price.
A number of other firms have also recently commented on ASHM. Analysts at Goldman Sachs reiterated a “buy” rating on shares of Ashmore Group plc in a research note on Monday, May 12th. They now have a GBX 415 ($6.99) price target on the stock. Finally, analysts at BNP Paribas reiterated a “neutral” rating on shares of Ashmore Group plc in a research note on Thursday, April 17th. They now have a GBX 360 ($6.06) price target on the stock. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of GBX 369.05 ($6.22).
Shares of Ashmore Group plc (LON:ASHM) opened at 348.80 on Monday. Ashmore Group plc has a one year low of GBX 294.90 and a one year high of GBX 436.00. The stock’s 50-day moving average is GBX 346.2 and its 200-day moving average is GBX 357.6. The company’s market cap is £2.369 billion.
Ashmore Group plc (LON:ASHM) is engaged in providing investment management services.
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