Ashmore Group plc Receives Average Rating of “Hold” from Analysts (LON:ASHM)
Ashmore Group plc (LON:ASHM) has earned a consensus recommendation of “Hold” from the twenty-two brokerages that are covering the company, American Banking and Market News reports. Three analysts have rated the stock with a sell recommendation, fourteen have assigned a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is GBX 369.09 ($6.19).
Ashmore Group plc (LON:ASHM) opened at 344.90 on Wednesday. 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 358. and its 200-day moving average is GBX 344.4. The company’s market cap is £2.342 billion.
A number of analysts have recently weighed in on ASHM shares. 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.
Ashmore Group plc (LON:ASHM) is engaged in providing investment management services.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.