Ashmore Group plc (LON:ASHM) Given “Hold” Rating at Liberum Capital
Ashmore Group plc (LON:ASHM)‘s stock had its “hold” rating reiterated by equities researchers at Liberum Capital in a research note issued on Friday. They currently have a GBX 333 ($4.31) target price on the investment management service provider’s stock. Liberum Capital’s price target indicates a potential downside of 2.94% from the company’s previous close.
A number of other analysts have also recently weighed in on ASHM. BNP Paribas reissued an “underperform” rating and set a GBX 290 ($3.76) target price on shares of Ashmore Group plc in a report on Monday, March 27th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and set a GBX 415 ($5.38) target price on shares of Ashmore Group plc in a report on Wednesday, March 29th. UBS AG reissued a “buy” rating and set a GBX 400 ($5.18) target price on shares of Ashmore Group plc in a report on Tuesday, April 4th. Jefferies Group LLC increased their target price on shares of Ashmore Group plc from GBX 312 ($4.04) to GBX 325 ($4.21) and gave the stock a “hold” rating in a report on Monday, April 10th. Finally, Peel Hunt reissued a “hold” rating and set a GBX 330 ($4.27) target price on shares of Ashmore Group plc in a report on Tuesday, April 18th. Four analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of GBX 345.63 ($4.48).
Shares of Ashmore Group plc (ASHM) traded down 2.19% during midday trading on Friday, reaching GBX 343.10. 1,396,685 shares of the company traded hands. The company has a 50 day moving average of GBX 353.93 and a 200 day moving average of GBX 336.67. Ashmore Group plc has a 12 month low of GBX 269.00 and a 12 month high of GBX 379.70. The firm’s market capitalization is GBX 2.29 billion.
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In other Ashmore Group plc news, insider Tom Shippey sold 9,079 shares of the firm’s stock in a transaction dated Tuesday, April 18th. The shares were 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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