Ashmore Group (LON:ASHM)‘s stock had its “under review” rating reiterated by stock analysts at Liberum Capital in a report issued on Thursday.
Other equities analysts have also issued research reports about the company. Peel Hunt reissued an “add” rating and set a GBX 400 ($5.61) price target on shares of Ashmore Group in a report on Friday, October 13th. Canaccord Genuity initiated coverage on Ashmore Group in a report on Friday, December 1st. They set a “buy” rating and a GBX 410 ($5.75) price target on the stock. Berenberg Bank raised their price target on Ashmore Group from GBX 380 ($5.33) to GBX 410 ($5.75) and gave the stock a “buy” rating in a report on Thursday, October 19th. Shore Capital reissued a “hold” rating on shares of Ashmore Group in a report on Tuesday, January 16th. Finally, Jefferies Group raised their price target on Ashmore Group from GBX 331 ($4.64) to GBX 370 ($5.19) and gave the stock a “hold” rating in a report on Wednesday, October 18th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company’s stock. Ashmore Group presently has an average rating of “Hold” and an average target price of GBX 387.63 ($5.44).
Ashmore Group (LON:ASHM) traded down GBX 36.20 ($0.51) on Thursday, hitting GBX 386.60 ($5.42). The stock had a trading volume of 5,752,627 shares, compared to its average volume of 1,490,000. Ashmore Group has a twelve month low of GBX 318.90 ($4.47) and a twelve month high of GBX 447.20 ($6.27). The firm has a market capitalization of $2,730.00 and a PE ratio of 1,840.95.
COPYRIGHT VIOLATION WARNING: This article was originally posted by American Banking News and is owned by of American Banking News. If you are viewing this article on another publication, it was copied illegally and republished in violation of United States and international copyright legislation. The original version of this article can be read at https://www.americanbankingnews.com/2018/02/11/liberum-capital-reaffirms-under-review-rating-for-ashmore-group-ashm.html.
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.
Receive News & Ratings for Ashmore Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ashmore Group and related companies with MarketBeat.com's FREE daily email newsletter.