J P Morgan Chase & Co Upgrades Ashmore Group (ASHM) to “Neutral”
Ashmore Group (LON:ASHM) was upgraded by J P Morgan Chase & Co to a “neutral” rating in a research report issued to clients and investors on Wednesday. The brokerage presently has a GBX 395 ($5.32) target price on the investment management service provider’s stock, up from their previous target price of GBX 350 ($4.71). J P Morgan Chase & Co’s target price would suggest a potential upside of 0.64% from the company’s previous close.
Several other research analysts also recently commented on the stock. Canaccord Genuity began coverage on shares of Ashmore Group in a research report on Friday, December 1st. They set a “buy” rating and a GBX 410 ($5.52) price objective for the company. Peel Hunt restated an “add” rating and set a GBX 400 ($5.38) price objective on shares of Ashmore Group in a research report on Friday, October 13th. Numis Securities restated a “hold” rating and set a GBX 320 ($4.31) price objective on shares of Ashmore Group in a research report on Thursday, September 7th. Societe Generale lowered their price objective on shares of Ashmore Group from GBX 370 ($4.98) to GBX 365 ($4.91) and set a “hold” rating for the company in a research report on Wednesday, September 13th. Finally, Shore Capital restated a “hold” rating on shares of Ashmore Group in a research report on Friday, October 13th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of GBX 365.18 ($4.91).
Shares of Ashmore Group (ASHM) traded down GBX 2 ($0.03) during trading hours on Wednesday, hitting GBX 392.50 ($5.28). The stock had a trading volume of 1,020,189 shares, compared to its average volume of 986,603. Ashmore Group has a 12 month low of GBX 274.10 ($3.69) and a 12 month high of GBX 399.50 ($5.38).
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About Ashmore Group
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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