Ashmore Group (LON:ASHM)‘s stock had its “hold” rating reaffirmed by Liberum Capital in a research note issued to investors on Friday. They currently have a GBX 367 ($4.98) price objective on the investment management service provider’s stock. Liberum Capital’s price objective suggests a potential downside of 14.97% from the company’s previous close.
ASHM has been the topic of a number of other reports. Berenberg Bank increased their price target on shares of Ashmore Group from GBX 380 ($5.15) to GBX 410 ($5.56) and gave the company a “buy” rating in a research report on Thursday, October 19th. Morgan Stanley reduced their price target on shares of Ashmore Group from GBX 385 ($5.22) to GBX 346 ($4.69) and set an “equal weight” rating on the stock in a research report on Monday, September 18th. JPMorgan Chase & Co. upgraded shares of Ashmore Group to a “neutral” rating and increased their price target for the company from GBX 350 ($4.75) to GBX 395 ($5.36) in a research report on Wednesday, December 13th. Numis Securities reiterated a “reduce” rating and set a GBX 295 ($4.00) price target on shares of Ashmore Group in a research report on Friday, October 13th. Finally, Peel Hunt reiterated an “add” rating and set a GBX 400 ($5.42) price target on shares of Ashmore Group in a research report on Friday, October 13th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of GBX 367.18 ($4.98).
Shares of Ashmore Group (ASHM) traded up GBX 9.60 ($0.13) during midday trading on Friday, reaching GBX 431.60 ($5.85). 1,310,000 shares of the company’s stock were exchanged, compared to its average volume of 839,038. Ashmore Group has a twelve month low of GBX 277.60 ($3.76) and a twelve month high of GBX 434.80 ($5.90). The company has a market capitalization of $3,050.00 and a PE ratio of 1,798.33.
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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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