Ashmore Group plc’s (ASHM) “Hold” Rating Reaffirmed at Numis Securities Ltd
Ashmore Group plc (LON:ASHM)‘s stock had its “hold” rating reiterated by stock analysts at Numis Securities Ltd in a research note issued on Thursday. They presently have a GBX 320 ($4.13) price objective on the investment management service provider’s stock. Numis Securities Ltd’s price target indicates a potential downside of 5.88% from the company’s previous close.
Several other analysts also recently weighed in on ASHM. Goldman Sachs Group, Inc. (The) restated a “buy” rating and set a GBX 415 ($5.36) price objective on shares of Ashmore Group plc in a research report on Tuesday, May 30th. Berenberg Bank began coverage on Ashmore Group plc in a report on Thursday, June 15th. They issued a “buy” rating and a GBX 400 ($5.17) target price for the company. Peel Hunt raised Ashmore Group plc to an “add” rating and upped their target price for the stock from GBX 330 ($4.26) to GBX 400 ($5.17) in a report on Monday, June 19th. Liberum Capital lowered their target price on 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. Finally, Jefferies Group LLC upped their target price on Ashmore Group plc from GBX 325 ($4.20) to GBX 354 ($4.57) and gave the stock a “hold” rating in a report on Tuesday, July 11th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the company. Ashmore Group plc currently has a consensus rating of “Hold” and a consensus price target of GBX 356.31 ($4.60).
Shares of Ashmore Group plc (LON:ASHM) traded down 0.15% during mid-day trading on Thursday, hitting GBX 340.00. The stock had a trading volume of 1,961,106 shares. Ashmore Group plc has a 1-year low of GBX 269.00 and a 1-year high of GBX 379.70. The stock’s 50-day moving average price is GBX 360.33 and its 200 day moving average price is GBX 355.44. The company’s market capitalization is GBX 2.27 billion.
Ashmore Group plc (LON:ASHM) last announced its quarterly earnings data on Thursday, September 7th. The investment management service provider reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.02. Ashmore Group plc had a return on equity of 28.60% and a net margin of 70.27%. On average, analysts predict that Ashmore Group plc will post $22.33 EPS for the current fiscal year.
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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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