Ashmore Group plc (LON:ASHM) was upgraded by equities researchers at Peel Hunt to an “add” rating in a research note issued to investors on Monday. The firm presently has a GBX 400 ($5.10) target price on the investment management service provider’s stock, up from their previous target price of GBX 330 ($4.20). Peel Hunt’s target price suggests a potential upside of 11.61% from the stock’s previous close.

Several other equities analysts also recently commented on ASHM. Berenberg Bank began coverage on Ashmore Group plc in a report on Thursday. They set a “buy” rating and a GBX 400 ($5.10) price target on the stock. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating on shares of Ashmore Group plc in a report on Thursday, April 20th. Macquarie reiterated a “neutral” rating and set a GBX 344 ($4.38) price target on shares of Ashmore Group plc in a report on Tuesday, May 2nd. Liberum Capital reiterated a “hold” rating and set a GBX 338 ($4.31) price target on shares of Ashmore Group plc in a report on Tuesday, April 18th. Finally, Jefferies Group LLC increased their price target on Ashmore Group plc from GBX 312 ($3.98) to GBX 325 ($4.14) and gave the company a “hold” rating in a report on Monday, April 10th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of GBX 338.40 ($4.31).

Analyst Recommendations for Ashmore Group plc (LON:ASHM)

Shares of Ashmore Group plc (LON ASHM) traded up 1.82% during midday trading on Monday, hitting GBX 358.40. 858,925 shares of the stock were exchanged. Ashmore Group plc has a one year low of GBX 240.00 and a one year high of GBX 379.70. The stock’s market cap is GBX 2.40 billion. The stock’s 50-day moving average price is GBX 354.13 and its 200 day moving average price is GBX 332.86.

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In related news, insider Tom Shippey sold 115,229 shares of the firm’s stock in a transaction on Wednesday, April 19th. The stock was sold at an average price of GBX 351 ($4.47), for a total value of £404,453.79 ($515,293.40).

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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