Ashmore Group plc’s “Buy” Rating Reaffirmed at Goldman Sachs (ASHM)
Ashmore Group plc (LON:ASHM)‘s stock had its “buy” rating reaffirmed by research analysts at Goldman Sachs in a report released on Monday, Analyst Ratings.Net reports. They currently have a GBX 415 ($6.99) target price on the stock. Goldman Sachs’ price objective suggests a potential upside of 18.98% from the stock’s previous close.
Ashmore Group plc (LON:ASHM) traded down 0.74% on Monday, hitting GBX 348.80. The stock had a trading volume of 771,807 shares. Ashmore Group plc has a 1-year low of GBX 294.90 and a 1-year high of GBX 436.00. The stock has a 50-day moving average of GBX 346.2 and a 200-day moving average of GBX 357.6. The company’s market cap is £2.369 billion.
A number of other analysts have also recently weighed in on ASHM. 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. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Ashmore Group plc in a research note on Monday, April 14th. They now have a GBX 415 ($6.99) price target on the stock. Finally, analysts at Jefferies Group raised their price target on shares of Ashmore Group plc from GBX 375 ($6.32) to GBX 400 ($6.74) in a research note on Friday, April 11th. They now have a “buy” rating on the stock. Two analysts have rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of GBX 369.05 ($6.22).
Ashmore Group plc (LON:ASHM) is engaged in providing investment management services.
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