Ashmore Group plc (ASHM) Lifted to “Add” at Peel Hunt
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).
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.
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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