Ashmore Group plc (ASHM) Given New GBX 410 Price Target at Berenberg Bank
Ashmore Group plc (LON:ASHM) had its price objective upped by research analysts at Berenberg Bank from GBX 380 ($5.05) to GBX 410 ($5.45) in a note issued to investors on Thursday. The brokerage currently has a “buy” rating on the investment management service provider’s stock. Berenberg Bank’s price objective would indicate a potential upside of 9.77% from the company’s previous close.
Several other research firms have also weighed in on ASHM. J P Morgan Chase & Co boosted their target price on shares of Ashmore Group plc from GBX 310 ($4.12) to GBX 350 ($4.65) and gave the company an “underweight” rating in a report on Monday, October 16th. Citigroup Inc. restated a “neutral” rating and issued a GBX 370 ($4.92) price objective on shares of Ashmore Group plc in a report on Wednesday. Macquarie restated a “neutral” rating and issued a GBX 384 ($5.10) price objective on shares of Ashmore Group plc in a report on Wednesday. Jefferies Group LLC upped their price objective on shares of Ashmore Group plc from GBX 331 ($4.40) to GBX 370 ($4.92) and gave the stock a “hold” rating in a report on Wednesday. Finally, Societe Generale restated a “hold” rating and issued a GBX 370 ($4.92) price objective on shares of Ashmore Group plc in a report on Wednesday, September 6th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of GBX 359.56 ($4.78).
Shares of Ashmore Group plc (LON:ASHM) traded down 0.61% during mid-day trading on Thursday, reaching GBX 373.50. 1,374,800 shares of the company’s stock traded hands. The stock’s market capitalization is GBX 2.50 billion. The company’s 50-day moving average price is GBX 350.57 and its 200-day moving average price is GBX 354.25. Ashmore Group plc has a 12-month low of GBX 269.00 and a 12-month high of GBX 392.20.
In related news, insider Tom Shippey sold 92,785 shares of the stock in a transaction on Monday, September 18th. The shares were sold at an average price of GBX 341 ($4.53), for a total value of £316,396.85 ($420,405.06). Also, insider Clive Adamson bought 934 shares of the company’s stock in a transaction that occurred on Friday, October 13th. The stock was bought at an average cost of GBX 374 ($4.97) per share, for a total transaction of £3,493.16 ($4,641.46).
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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