Ashmore Group plc (ASHM) Upgraded to “Equal Weight” at Barclays PLC
Ashmore Group plc (LON:ASHM) was upgraded by equities research analysts at Barclays PLC to an “equal weight” rating in a research note issued on Thursday, MarketBeat reports. The brokerage presently has a GBX 370 ($4.83) price target on the investment management service provider’s stock, up from their previous price target of GBX 300 ($3.92). Barclays PLC’s price target would indicate a potential upside of 2.41% from the stock’s previous close.
ASHM has been the subject of several other research reports. Berenberg Bank began coverage on Ashmore Group plc in a research report on Thursday, June 15th. They set a “buy” rating and a GBX 400 ($5.22) price target for the company. Jefferies Group LLC raised their price target on Ashmore Group plc from GBX 312 ($4.07) to GBX 325 ($4.24) and gave the stock a “hold” rating in a research report on Monday, April 10th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating on shares of Ashmore Group plc in a research report on Thursday, April 20th. Liberum Capital reaffirmed a “hold” rating and issued a GBX 338 ($4.41) price objective on shares of Ashmore Group plc in a research report on Tuesday, April 18th. Finally, Peel Hunt reaffirmed a “hold” rating and issued a GBX 330 ($4.31) price objective on shares of Ashmore Group plc in a research report on Tuesday, April 18th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of GBX 353.50 ($4.62).
Shares of Ashmore Group plc (LON ASHM) traded down 0.25% during trading on Thursday, hitting GBX 361.30. The stock had a trading volume of 932,941 shares. Ashmore Group plc has a 12-month low of GBX 269.00 and a 12-month high of GBX 379.70. The company’s market cap is GBX 2.56 billion. The stock’s 50 day moving average is GBX 351.16 and its 200-day moving average is GBX 343.12.
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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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