Ashmore Group plc (ASHM) Receives Consensus Rating of “Hold” from Brokerages
Ashmore Group plc (LON:ASHM) has been assigned an average recommendation of “Hold” from the fifteen research firms that are currently covering the stock. Four research analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is GBX 322.38 ($4.17).
ASHM has been the subject of a number of research analyst reports. JPMorgan Chase & Co. reissued an “underweight” rating and set a GBX 320 ($4.14) price target on shares of Ashmore Group plc in a report on Wednesday, April 19th. Morgan Stanley lowered their price target on Ashmore Group plc from GBX 400 ($5.17) to GBX 340 ($4.40) and set an “equal weight” rating for the company in a report on Thursday, January 26th. Goldman Sachs Group Inc lowered their price target on Ashmore Group plc from GBX 400 ($5.17) to GBX 370 ($4.79) and set a “buy” rating for the company in a report on Tuesday, January 24th. Numis Securities Ltd reissued a “hold” rating and set a GBX 290 ($3.75) price target on shares of Ashmore Group plc in a report on Monday, January 16th. Finally, BNP Paribas reissued an “underperform” rating and set a GBX 290 ($3.75) price target on shares of Ashmore Group plc in a report on Monday, March 27th.
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In related news, insider Tom Shippey sold 115,229 shares of the company’s stock in a transaction dated Wednesday, April 19th. The stock was sold at an average price of GBX 351 ($4.54), for a total transaction of £404,453.79 ($523,090.78).
Ashmore Group plc (LON:ASHM) opened at 361.90 on Monday. The firm’s 50-day moving average price is GBX 356.04 and its 200 day moving average price is GBX 326.31. Ashmore Group plc has a 1-year low of GBX 240.00 and a 1-year high of GBX 379.70. The firm’s market capitalization is GBX 2.42 billion.
About Ashmore Group plc
Ashmore Group plc is a United Kingdom-based company, which operates as a specialist emerging markets asset manager. The Company offers a range of investment themes, such as external debt, local currency, corporate debt, blended debt, equities, alternatives, multi-strategy and overlay/liquidity. Its geographical segments include United Kingdom, United States and Others.
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