Ashmore Group plc (ASHM) Receives “Hold” Rating from Societe Generale
Ashmore Group plc (LON:ASHM)‘s stock had its “hold” rating reissued by stock analysts at Societe Generale in a note issued to investors on Wednesday. They presently have a GBX 370 ($4.78) price objective on the investment management service provider’s stock. Societe Generale’s target price would indicate a potential upside of 8.82% from the stock’s previous close.
ASHM has been the subject of a number of other reports. Liberum Capital lowered their price target on shares of Ashmore Group plc from GBX 338 ($4.37) to GBX 333 ($4.30) and set a “hold” rating for the company in a report on Friday, July 7th. Shore Capital reiterated a “hold” rating on shares of Ashmore Group plc in a research note on Friday, July 14th. Barclays PLC upgraded shares of Ashmore Group plc to an “equal weight” rating and increased their price objective for the company from GBX 300 ($3.87) to GBX 370 ($4.78) in a research note on Thursday, July 20th. Peel Hunt reiterated an “add” rating and set a GBX 400 ($5.17) price objective on shares of Ashmore Group plc in a research note on Friday, July 14th. Finally, Macquarie increased their price objective on shares of Ashmore Group plc from GBX 344 ($4.44) to GBX 374 ($4.83) and gave the company a “neutral” rating in a research note on Thursday, August 24th. 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 company. The stock presently has an average rating of “Hold” and a consensus price target of GBX 356.31 ($4.60).
Ashmore Group plc (ASHM) traded down 0.15% during midday trading on Wednesday, hitting GBX 340.00. 1,961,106 shares of the stock traded hands. The company’s 50-day moving average is GBX 360.33 and its 200-day moving average is GBX 355.44. Ashmore Group plc has a one year low of GBX 269.00 and a one year high of GBX 379.70. The company’s market cap is GBX 2.27 billion.
Ashmore Group plc (LON:ASHM) last released its quarterly earnings results on Thursday, September 7th. The investment management service provider reported $0.24 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.02. Ashmore Group plc had a net margin of 70.27% and a return on equity of 28.60%. Equities research analysts expect that Ashmore Group plc will post $22.33 EPS for the current fiscal year.
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About Ashmore Group plc
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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