Ashmore Group plc Receives Consensus Recommendation of “Hold” from Analysts (LON:ASHM)
Ashmore Group plc (LON:ASHM) has earned an average rating of “Hold” from the twenty-two analysts that are covering the company, Stock Ratings Network.com reports. Three research analysts have rated the stock with a sell recommendation, fourteen have given a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is GBX 369.09 ($6.19).
A number of research firms have recently commented on ASHM. Analysts at Espirito Santo Investment Bank Research downgraded shares of Ashmore Group plc to a “neutral” rating in a research note on Tuesday, July 22nd. They now have a GBX 404 ($6.78) price target on the stock, up previously from GBX 371 ($6.22). Separately, 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 ($6.26) price target on the stock. Finally, analysts at Berenberg Bank cut their price target on shares of Ashmore Group plc from GBX 350 ($5.87) to GBX 335 ($5.62) in a research note on Friday, July 11th. They now have a “hold” rating on the stock.
Shares of Ashmore Group plc (LON:ASHM) opened at 343.70 on Wednesday. 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 359.7 and its 200-day moving average is GBX 344.2. The company’s market cap is £2.334 billion.
Ashmore Group plc (LON:ASHM) is engaged in providing investment management services.
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