Ashmore Group plc Given Average Recommendation of “Hold” by Analysts (LON:ASHM)
Shares of Ashmore Group plc (LON:ASHM) have received a consensus recommendation of “Hold” from the twenty brokerages that are currently covering the stock, American Banking News reports. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is GBX 372.05 ($6.26).
Shares of Ashmore Group plc (LON:ASHM) traded down 0.52% on Friday, hitting GBX 344.00. The stock had a trading volume of 88,744 shares. Ashmore Group plc has a 1-year low of GBX 294.90 and a 1-year high of GBX 430.80. The stock’s 50-day moving average is GBX 347. and its 200-day moving average is GBX 355.5. The company’s market cap is £2.336 billion.
A number of research firms have recently commented on ASHM. Analysts at BNP Paribas reiterated a “neutral” rating on shares of Ashmore Group plc in a research note on Thursday. They now have a GBX 360 ($6.06) price target on the stock. Separately, analysts at Barclays reiterated an “equal weight” rating on shares of Ashmore Group plc in a research note on Tuesday. They now have a GBX 360 ($6.06) price target on the stock. Finally, analysts at Numis Securities Ltd reiterated a “hold” rating on shares of Ashmore Group plc in a research note on Friday, May 16th. They now have a GBX 335 ($5.63) price target on the stock.
Ashmore Group plc (LON:ASHM) is engaged in providing investment management services.
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