Ashmore Group plc Receives Consensus Rating of “Hold” from Brokerages (LON:ASHM)
Shares of Ashmore Group plc (LON:ASHM) have received an average recommendation of “Hold” from the twenty-two brokerages that are currently covering the company, Analyst Ratings Net reports. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is GBX 366.23 ($6.24).
Shares of Ashmore Group plc (LON:ASHM) opened at 369.70 on Tuesday. Ashmore Group plc has a 52 week low of GBX 294.90 and a 52 week high of GBX 424.50. The stock’s 50-day moving average is GBX 356.4 and its 200-day moving average is GBX 350.1. The company’s market cap is £2.511 billion.
ASHM has been the subject of a number of recent research reports. Analysts at BNP Paribas reiterated a “neutral” rating on shares of Ashmore Group plc in a research note on Thursday, June 12th. They now have a GBX 360 ($6.13) price target on the stock. Separately, analysts at Macquarie reiterated a “neutral” rating on shares of Ashmore Group plc in a research note on Friday, June 6th. They now have a GBX 353 ($6.01) price target on the stock. Finally, analysts at Liberum Capital initiated coverage on shares of Ashmore Group plc in a research note on Thursday, June 5th. They set a “sell” rating and a GBX 303 ($5.16) price target on the stock.
Ashmore Group plc (LON:ASHM) is engaged in providing investment management services.
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