Ashmore Group plc Downgraded by Espirito Santo Investment Bank Research to Neutral (ASHM)
Ashmore Group plc (LON:ASHM) was downgraded by equities research analysts at Espirito Santo Investment Bank Research to a “neutral” rating in a research note issued to investors on Tuesday. They currently have a GBX 404 ($6.90) price target on the stock, up from their previous price target of GBX 371 ($6.34). Espirito Santo Investment Bank Research’s price objective would suggest a potential upside of 10.50% from the company’s current price.
Ashmore Group plc (LON:ASHM) traded down 0.38% on Tuesday, hitting GBX 365.60. The stock had a trading volume of 1,075,916 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 363.5 and its 200-day moving average is GBX 347.1. The company’s market cap is £2.483 billion.
A number of other analysts have also recently weighed in on ASHM. Analysts at Macquarie reiterated a “neutral” rating on shares of Ashmore Group plc in a research note on Wednesday, July 16th. They now have a GBX 373 ($6.37) price target on the stock. Separately, analysts at Berenberg Bank cut their price target on shares of Ashmore Group plc from GBX 350 ($5.98) to GBX 335 ($5.72) in a research note on Friday, July 11th. They now have a “hold” rating on the stock. Finally, analysts at Canaccord Genuity raised their price target on shares of Ashmore Group plc from GBX 325 ($5.55) to GBX 360 ($6.15) in a research note on Friday, July 11th. They now have a “hold” rating on the stock. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of GBX 369.09 ($6.31).
Ashmore Group plc (LON:ASHM) is engaged in providing investment management services.
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