HSBC Downgrades Ashmore Group plc to Neutral (ASHM)
Ashmore Group plc (LON:ASHM) was downgraded by analysts at HSBC to a “neutral” rating in a research report issued to clients and investors on Tuesday. They currently have a GBX 400 ($6.86) price target on the stock. HSBC’s price target would suggest a potential upside of 11.09% from the company’s current price.
Ashmore Group plc (LON:ASHM) opened at 354.90 on Tuesday. Ashmore Group plc has a one year low of GBX 294.90 and a one year high of GBX 424.50. The stock’s 50-day moving average is GBX 357.9 and its 200-day moving average is GBX 349.5. The company’s market cap is £2.410 billion.
Several other analysts have also recently commented on the stock. Analysts at Barclays reiterated an “equal weight” rating on shares of Ashmore Group plc in a research note on Friday. They now have a GBX 360 ($6.17) price target on the stock. Separately, 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 ($5.57) 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 Wednesday, July 2nd. They now have a GBX 350 ($6.00) price target on the stock. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the company. Ashmore Group plc has an average rating of “Hold” and a consensus price target of GBX 366.91 ($6.29).
Ashmore Group plc (LON:ASHM) is engaged in providing investment management services.
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