Ashmore Group plc (ASHM) Announces Earnings Results
Ashmore Group plc (LON:ASHM) issued its earnings results on Thursday. The investment management service provider reported $0.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.02, reports. Ashmore Group plc had a return on equity of 28.60% and a net margin of 70.27%.
Ashmore Group plc (LON ASHM) opened at 340.00 on Friday. The company has a 50-day moving average price of GBX 360.33 and a 200-day moving average price of GBX 355.44. The stock’s market capitalization is GBX 2.27 billion. Ashmore Group plc has a 12-month low of GBX 269.00 and a 12-month high of GBX 379.70.
A number of equities research analysts have issued reports on the company. Shore Capital restated a “hold” rating on shares of Ashmore Group plc in a research note on Friday, July 14th. Numis Securities Ltd restated a “hold” rating and set a GBX 320 ($4.13) price target on shares of Ashmore Group plc in a research note on Thursday. Credit Suisse Group boosted their price target on Ashmore Group plc from GBX 269 ($3.47) to GBX 325 ($4.20) and gave the company an “underperform” rating in a research note on Tuesday, July 18th. BNP Paribas restated an “underperform” rating and set a GBX 330 ($4.26) price target on shares of Ashmore Group plc in a research note on Tuesday, July 18th. Finally, Peel Hunt restated an “add” rating and set a GBX 400 ($5.17) price target on shares of Ashmore Group plc in a research note on Friday, July 14th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the stock. Ashmore Group plc has an average rating of “Hold” and a consensus target price of GBX 356.31 ($4.60).
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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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