Ashmore Group’s (ASHM) Hold Rating Reiterated at Liberum Capital

Ashmore Group (LON:ASHM)‘s stock had its “hold” rating reiterated by equities research analysts at Liberum Capital in a note issued to investors on Friday. They currently have a GBX 367 ($4.98) price target on the investment management service provider’s stock. Liberum Capital’s price target points to a potential downside of 14.57% from the company’s current price.

ASHM has been the subject of a number of other reports. Canaccord Genuity increased their price target on shares of Ashmore Group from GBX 410 ($5.56) to GBX 450 ($6.10) and gave the stock a “buy” rating in a research report on Friday, January 19th. Numis Securities reissued a “reduce” rating and issued a GBX 295 ($4.00) price target on shares of Ashmore Group in a research report on Friday, October 13th. Citigroup reissued a “neutral” rating and issued a GBX 370 ($5.02) price target on shares of Ashmore Group in a research report on Wednesday, October 18th. Berenberg Bank increased their price target on shares of Ashmore Group from GBX 380 ($5.15) to GBX 410 ($5.56) and gave the stock a “buy” rating in a research report on Thursday, October 19th. Finally, JPMorgan Chase & Co. increased their price target on shares of Ashmore Group from GBX 395 ($5.36) to GBX 425 ($5.76) and gave the stock a “neutral” rating in a research report on Wednesday, January 17th. 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. Ashmore Group has a consensus rating of “Hold” and an average target price of GBX 377.18 ($5.11).

Shares of Ashmore Group (ASHM) opened at GBX 431.60 ($5.85) on Friday. Ashmore Group has a 52 week low of GBX 302.90 ($4.11) and a 52 week high of GBX 447.20 ($6.06). The company has a market cap of $3,050.00 and a PE ratio of 1,798.33.

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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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