Ashmore Group plc (ASHM) Receives Consensus Recommendation of “Hold” from Analysts

Ashmore Group plc (LON:ASHM) has been given an average recommendation of “Hold” by the eighteen ratings firms that are covering the company, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is GBX 377.18 ($5.11).

ASHM has been the subject of several research reports. Berenberg Bank raised their price target on 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. JPMorgan Chase & Co. raised 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 reaffirmed a “reduce” rating and set a GBX 295 ($4.00) price target on shares of Ashmore Group in a report on Friday, October 13th. Peel Hunt reaffirmed an “add” rating and set a GBX 400 ($5.42) price target on shares of Ashmore Group in a report on Friday, October 13th. Finally, Citigroup reissued a “neutral” rating and set a GBX 370 ($5.02) target price on shares of Ashmore Group in a report on Wednesday, October 18th.

Shares of Ashmore Group (LON:ASHM) opened at GBX 425.20 ($5.77) on Friday. Ashmore Group has a twelve month low of GBX 286.30 ($3.88) and a twelve month high of GBX 447.20 ($6.06). The stock has a market capitalization of $3,010.00 and a price-to-earnings ratio of 1,771.67.

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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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