Liberum Capital Trims Ashmore Group plc (LON:ASHM) Target Price to GBX 333
Ashmore Group plc (LON:ASHM) had its price objective decreased by investment analysts at Liberum Capital from GBX 338 ($4.38) to GBX 333 ($4.31) in a research report issued to clients and investors on Friday. The firm presently has a “hold” rating on the investment management service provider’s stock. Liberum Capital’s price objective suggests a potential downside of 0.48% from the stock’s current price.
Several other brokerages have also recently issued reports on ASHM. J P Morgan Chase & Co restated an “underweight” rating and set a GBX 320 ($4.15) price objective on shares of Ashmore Group plc in a research note on Wednesday, April 19th. Shore Capital restated a “hold” rating on shares of Ashmore Group plc in a research note on Tuesday, April 18th. BNP Paribas restated an “underperform” rating and set a GBX 290 ($3.76) price objective on shares of Ashmore Group plc in a research note on Monday, March 27th. Goldman Sachs Group, Inc. (The) restated a “buy” rating and set a GBX 415 ($5.38) price objective on shares of Ashmore Group plc in a research note on Tuesday, May 30th. Finally, Peel Hunt upgraded Ashmore Group plc to an “add” rating and upped their price objective for the company from GBX 330 ($4.27) to GBX 400 ($5.18) in a research note on Monday, June 19th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of GBX 338.07 ($4.38).
Ashmore Group plc (LON ASHM) traded down 1.18% on Friday, reaching GBX 334.60. The company had a trading volume of 569,912 shares. Ashmore Group plc has a 12 month low of GBX 269.00 and a 12 month high of GBX 379.70. The stock has a 50 day moving average of GBX 353.93 and a 200 day moving average of GBX 336.67. The firm’s market capitalization is GBX 2.24 billion.
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In other Ashmore Group plc news, insider Tom Shippey sold 9,079 shares of the stock in a transaction on Tuesday, April 18th. The stock was sold at an average price of GBX 366 ($4.74), for a total transaction of £33,229.14 ($43,042.93).
Ashmore Group plc Company Profile
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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