Peel Hunt Reiterates Add Rating for Ashmore Group plc (ASHM)
Ashmore Group plc (LON:ASHM)‘s stock had its “add” rating reissued by investment analysts at Peel Hunt in a report released on Thursday. They presently have a GBX 400 ($5.17) price target on the investment management service provider’s stock. Peel Hunt’s price objective suggests a potential upside of 17.65% from the stock’s previous close.
Several other equities research analysts have also commented on ASHM. Macquarie upped their price target 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 report on Thursday, August 24th. Shore Capital reaffirmed a “hold” rating on shares of Ashmore Group plc in a research report on Tuesday, August 15th. Societe Generale reaffirmed a “hold” rating and set a GBX 370 ($4.78) price target on shares of Ashmore Group plc in a research report on Wednesday. Liberum Capital reduced 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 research report on Friday, July 7th. Finally, Goldman Sachs Group, Inc. (The) upped their price target on shares of Ashmore Group plc from GBX 415 ($5.36) to GBX 420 ($5.42) and gave the company a “buy” rating in a research report on Monday, July 17th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the company’s stock. Ashmore Group plc currently has an average rating of “Hold” and a consensus price target of GBX 356.31 ($4.60).
Ashmore Group plc (LON ASHM) traded down 0.15% during trading on Thursday, hitting GBX 340.00. 1,961,106 shares of the stock traded hands. The company’s market cap is GBX 2.27 billion. Ashmore Group plc has a 52-week low of GBX 269.00 and a 52-week high of GBX 379.70. The firm has a 50-day moving average price of GBX 360.33 and a 200 day moving average price of GBX 355.44.
Ashmore Group plc (LON:ASHM) last posted its earnings results on Thursday, September 7th. The investment management service provider reported $0.24 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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%. On average, equities analysts expect that Ashmore Group plc will post $22.33 EPS for the current 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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