Ashmore Group plc (ASHM) Given New GBX 380 Price Target at Berenberg Bank
Ashmore Group plc (LON:ASHM) had its price target lowered by analysts at Berenberg Bank from GBX 400 ($5.17) to GBX 380 ($4.91) in a research note issued on Thursday. The firm presently has a “buy” rating on the investment management service provider’s stock. Berenberg Bank’s price target would indicate a potential upside of 11.73% from the company’s current price.
Other analysts also recently issued reports about the company. Peel Hunt restated an “add” rating and set a GBX 400 ($5.17) target price on shares of Ashmore Group plc in a research note on Friday, July 14th. Goldman Sachs Group, Inc. (The) restated a “buy” rating and set a GBX 415 ($5.36) target price on shares of Ashmore Group plc in a research note on Tuesday, May 30th. Barclays PLC upgraded Ashmore Group plc to an “equal weight” rating and raised their target price for the company from GBX 300 ($3.87) to GBX 370 ($4.78) in a research note on Thursday, July 20th. Numis Securities Ltd restated a “hold” rating and set a GBX 320 ($4.13) target price on shares of Ashmore Group plc in a research note on Friday, July 14th. Finally, Shore Capital restated a “hold” rating on shares of Ashmore Group plc in a research note on Friday, July 14th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of GBX 354.75 ($4.58).
Ashmore Group plc (LON ASHM) traded down 0.70% on Thursday, hitting GBX 340.10. The stock had a trading volume of 1,684,990 shares. The stock’s market cap is GBX 2.27 billion. Ashmore Group plc has a one year low of GBX 269.00 and a one year high of GBX 379.70. The company’s 50-day moving average is GBX 358.22 and its 200-day moving average is GBX 354.98.
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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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