Ashmore Group plc (ASHM) Price Target Lowered to GBX 346 at Morgan Stanley
Ashmore Group plc (LON:ASHM) had its price target lowered by Morgan Stanley from GBX 385 ($4.97) to GBX 346 ($4.47) in a note issued to investors on Monday. The brokerage currently has an “equal weight” rating on the investment management service provider’s stock. Morgan Stanley’s price objective points to a potential upside of 1.73% from the stock’s previous close.
ASHM has been the topic of several other reports. Berenberg Bank assumed coverage on shares of Ashmore Group plc in a research note on Thursday, June 15th. They issued a “buy” rating and a GBX 400 ($5.17) price target on the stock. 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 note on Thursday, August 24th. Societe Generale restated a “hold” rating and issued a GBX 370 ($4.78) price target on shares of Ashmore Group plc in a research note on Wednesday, September 6th. Jefferies Group LLC upped their price target on shares of Ashmore Group plc from GBX 325 ($4.20) to GBX 354 ($4.57) and gave the company a “hold” rating in a research note on Tuesday, July 11th. Finally, Liberum Capital decreased their price target on shares of Ashmore Group plc from GBX 338 ($4.37) to GBX 333 ($4.30) and set a “hold” rating on the stock in a research note on Friday, July 7th. 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. The company presently has an average rating of “Hold” and an average price target of GBX 355.13 ($4.59).
Shares of Ashmore Group plc (LON:ASHM) opened at 341.20 on Monday. The stock’s 50 day moving average is GBX 358.22 and its 200 day moving average is GBX 354.98. The firm’s market capitalization is GBX 2.28 billion. Ashmore Group plc has a 12 month low of GBX 269.00 and a 12 month high of GBX 379.70.
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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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