Numis Securities Ltd Reaffirms Hold Rating for Ashmore Group plc (ASHM)
Ashmore Group plc (LON:ASHM)‘s stock had its “hold” rating reiterated by investment analysts at Numis Securities Ltd in a research note issued on Friday. They presently have a GBX 320 ($4.15) price objective on the investment management service provider’s stock. Numis Securities Ltd’s target price indicates a potential downside of 8.78% from the stock’s current price.
Several other research analysts have also issued reports on the stock. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and issued a GBX 415 ($5.38) target price on shares of Ashmore Group plc in a research note on Wednesday, March 29th. BNP Paribas reaffirmed an “underperform” rating and issued a GBX 290 ($3.76) target price on shares of Ashmore Group plc in a research note on Monday, March 27th. Peel Hunt reaffirmed a “hold” rating and issued a GBX 330 ($4.27) target price on shares of Ashmore Group plc in a research note on Tuesday, April 18th. Shore Capital reaffirmed a “hold” rating on shares of Ashmore Group plc in a research note on Tuesday, April 18th. Finally, J P Morgan Chase & Co reaffirmed an “underweight” rating and issued a GBX 320 ($4.15) target price on shares of Ashmore Group plc in a research note on Wednesday, April 19th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of GBX 342 ($4.43).
Shares of Ashmore Group plc (LON ASHM) opened at 340.00 on Friday. The firm’s market capitalization is GBX 2.27 billion. Ashmore Group plc has a 1-year low of GBX 269.00 and a 1-year high of GBX 379.70. The company’s 50-day moving average is GBX 353.93 and its 200 day moving average is GBX 336.67.
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In other Ashmore Group plc news, insider Tom Shippey sold 9,079 shares of Ashmore Group plc stock in a transaction that occurred on Tuesday, April 18th. The shares were sold at an average price of GBX 366 ($4.74), for a total value 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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