Ashmore Group (LON:ASHM) had its price objective increased by stock analysts at Canaccord Genuity from GBX 410 ($5.56) to GBX 450 ($6.10) in a research note issued on Friday. The brokerage presently has a “buy” rating on the investment management service provider’s stock. Canaccord Genuity’s price objective points to a potential upside of 5.83% from the stock’s previous close.
Several other brokerages also recently commented on ASHM. Numis Securities upped their price target on shares of Ashmore Group from GBX 340 ($4.61) to GBX 355 ($4.81) and gave the company a “reduce” rating in a research report on Tuesday. Peel Hunt reiterated an “add” rating and issued a GBX 400 ($5.42) price objective on shares of Ashmore Group in a research note on Friday, October 13th. JPMorgan Chase & Co. upped their price objective on shares of Ashmore Group from GBX 310 ($4.20) to GBX 350 ($4.75) and gave the company an “underweight” rating in a research note on Monday, October 16th. Shore Capital reiterated a “hold” rating on shares of Ashmore Group in a research note on Tuesday. Finally, Liberum Capital reiterated a “hold” rating and issued a GBX 367 ($4.98) price objective on shares of Ashmore Group in a research note on Friday, January 12th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of GBX 377.18 ($5.11).
Shares of Ashmore Group (LON ASHM) traded up GBX 2 ($0.03) during trading hours on Friday, hitting GBX 425.20 ($5.77). 1,659,921 shares of the company traded hands, compared to its average volume of 1,030,000. The stock has a market cap of $3,010.00 and a P/E ratio of 1,771.67. Ashmore Group has a fifty-two week low of GBX 286.30 ($3.88) and a fifty-two week high of GBX 447.20 ($6.06).
Ashmore Group 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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