Ashmore Group (LON:ASHM) was downgraded by research analysts at Peel Hunt to a “hold” rating in a note issued to investors on Tuesday. They presently have a GBX 440 ($5.97) price objective on the investment management service provider’s stock, up from their prior price objective of GBX 400 ($5.42). Peel Hunt’s price objective would indicate a potential upside of 2.21% from the stock’s current price.

A number of other analysts have also recently weighed in on the stock. Canaccord Genuity started coverage on shares of Ashmore Group in a report on Friday, December 1st. They issued a “buy” rating and a GBX 410 ($5.56) price target on the stock. JPMorgan Chase & Co. upgraded shares of Ashmore Group to a “neutral” rating and raised their price target for the company from GBX 350 ($4.75) to GBX 395 ($5.36) in a report on Wednesday, December 13th. Numis Securities cut shares of Ashmore Group to a “reduce” rating and lowered their price target for the company from GBX 310 ($4.20) to GBX 295 ($4.00) in a report on Monday, September 25th. Berenberg Bank raised 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 report on Thursday, October 19th. Finally, Shore Capital restated a “hold” rating on shares of Ashmore Group in a report on Friday, October 13th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of GBX 373.06 ($5.06).

Shares of Ashmore Group (LON:ASHM) opened at GBX 430.50 ($5.84) on Tuesday. Ashmore Group has a 1-year low of GBX 279 ($3.78) and a 1-year high of GBX 447.20 ($6.06). The firm has a market cap of $3,050.00 and a PE ratio of 1,793.75.

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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.

Analyst Recommendations for Ashmore Group (LON:ASHM)

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