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.

ILLEGAL ACTIVITY NOTICE: “Liberum Capital Trims Ashmore Group plc (LON:ASHM) Target Price to GBX 333” was originally published by American Banking News and is owned by of American Banking News. If you are reading this story on another publication, it was illegally stolen and republished in violation of US & international trademark and copyright law. The legal version of this story can be read at https://www.americanbankingnews.com/2017/07/08/liberum-capital-trims-ashmore-group-plc-lonashm-target-price-to-gbx-333.html.

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.

Analyst Recommendations for Ashmore Group plc (LON:ASHM)

Receive News & Ratings for Ashmore Group plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ashmore Group plc and related companies with MarketBeat.com's FREE daily email newsletter.