Liberum Capital Reaffirms “Sell” Rating for Ashmore Group plc (ASHM)
Ashmore Group plc (LON:ASHM)‘s stock had its “sell” rating restated by equities research analysts at Liberum Capital in a research note issued to investors on Wednesday. They currently have a GBX 303 ($5.01) price objective on the stock. Liberum Capital’s target price would indicate a potential downside of 13.43% from the stock’s previous close.
Ashmore Group plc (LON:ASHM) traded down 0.03% on Wednesday, hitting GBX 349.90. 531,255 shares of the company’s stock traded hands. 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 354.7 and its 200-day moving average is GBX 345.4. The company’s market cap is £2.376 billion.
Other equities research analysts have also recently issued reports about the stock. 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 ($6.69) price target on the stock, up previously from GBX 371 ($6.14). 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 ($6.17) price target on the stock. Finally, analysts at Berenberg Bank cut their price target on shares of Ashmore Group plc from GBX 350 ($5.79) to GBX 335 ($5.54) 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 given a hold rating and five have given a buy rating to the stock. Ashmore Group plc presently has a consensus rating of “Hold” and an average price target of GBX 369.09 ($6.11).
Ashmore Group plc (LON:ASHM) is engaged in providing investment management services.
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