Barclays Reiterates Equal weight Rating for Ashmore Group plc (ASHM)
Ashmore Group plc (LON:ASHM)‘s stock had its “equal weight” rating reaffirmed by analysts at Barclays in a research report issued to clients and investors on Friday. They currently have a GBX 360 ($6.13) price objective on the stock. Barclays’ target price points to a potential downside of 3.56% from the company’s current price.
Shares of Ashmore Group plc (LON:ASHM) traded down 1.82% during mid-day trading on Friday, hitting GBX 366.50. The stock had a trading volume of 798,136 shares. 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 357.3 and its 200-day moving average is GBX 350.0. The company’s market cap is £2.489 billion.
ASHM has been the subject of a number of other recent research reports. Analysts at Credit Suisse reiterated a “neutral” rating on shares of Ashmore Group plc in a research note on Friday. They now have a GBX 325 ($5.54) price target on the stock. Separately, analysts at Numis Securities Ltd reiterated a “hold” rating on shares of Ashmore Group plc in a research note on Wednesday. They now have a GBX 350 ($5.96) 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, June 12th. They now have a GBX 360 ($6.13) price target on the stock. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of GBX 366.91 ($6.25).
Ashmore Group plc (LON:ASHM) is engaged in providing investment management services.
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