Ashmore Group (ASHM) Earns “Reduce” Rating from Numis Securities

Ashmore Group (LON:ASHM)‘s stock had its “reduce” rating reaffirmed by analysts at Numis Securities in a research report issued on Thursday. They currently have a GBX 355 ($4.98) target price on the investment management service provider’s stock. Numis Securities’ price objective points to a potential downside of 8.17% from the stock’s current price.

A number of other research analysts have also recently commented on the stock. Canaccord Genuity increased their price target on shares of Ashmore Group from GBX 410 ($5.75) to GBX 450 ($6.31) and gave the company a “buy” rating in a research report on Friday, January 19th. Credit Suisse Group raised their price objective on Ashmore Group from GBX 325 ($4.56) to GBX 400 ($5.61) and gave the company an “underperform” rating in a report on Wednesday, January 31st. Citigroup reissued a “neutral” rating and set a GBX 370 ($5.19) target price on shares of Ashmore Group in a research note on Wednesday, October 18th. Liberum Capital reaffirmed a “hold” rating and issued a GBX 367 ($5.15) price objective on shares of Ashmore Group in a research note on Friday, January 26th. Finally, Berenberg Bank lifted their price objective on Ashmore Group from GBX 380 ($5.33) to GBX 410 ($5.75) and gave the company a “buy” rating in a research note on Thursday, October 19th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of GBX 387.63 ($5.44).

Ashmore Group (ASHM) traded down GBX 36.20 ($0.51) during midday trading on Thursday, reaching GBX 386.60 ($5.42). 5,752,627 shares of the company’s stock traded hands, compared to its average volume of 1,490,000. The stock has a market capitalization of $2,730.00 and a P/E ratio of 1,840.95. Ashmore Group has a 1-year low of GBX 318.90 ($4.47) and a 1-year high of GBX 447.20 ($6.27).

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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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