Ashmore Group plc’s Hold Rating Reaffirmed at Numis Securities Ltd (ASHM)
Ashmore Group plc (LON:ASHM)‘s stock had its “hold” rating reaffirmed by analysts at Numis Securities Ltd in a research report issued to clients and investors on Thursday. They currently have a GBX 380 ($6.31) price target on the stock. Numis Securities Ltd’s target price points to a potential upside of 7.65% from the stock’s previous close.
Shares of Ashmore Group plc (LON:ASHM) opened at 352.60 on Thursday. Ashmore Group plc has a 52-week low of GBX 294.90 and a 52-week high of GBX 424.50. The stock has a 50-day moving average of GBX 352.6 and a 200-day moving average of GBX 346.0. The company’s market cap is £2.395 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Liberum Capital reiterated a “sell” rating on shares of Ashmore Group plc in a research note on Wednesday, August 27th. They now have a GBX 303 ($5.03) price target on the stock. Separately, 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 ($6.70) price target on the stock, up previously from GBX 371 ($6.16). Finally, 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 ($6.19) price target on the stock. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of GBX 370.45 ($6.15).
Ashmore Group plc (LON:ASHM) is engaged in providing investment management services.