Peel Hunt Upgrades Ashmore Group (ASHM) to “Add”

Ashmore Group (LON:ASHM) was upgraded by research analysts at Peel Hunt to an “add” rating in a research note issued to investors on Thursday. The firm currently has a GBX 440 ($6.17) target price on the investment management service provider’s stock. Peel Hunt’s price objective suggests a potential upside of 13.81% from the company’s previous close.

A number of other research firms also recently issued reports on ASHM. Canaccord Genuity started coverage on shares of Ashmore Group in a report on Friday, December 1st. They issued a “buy” rating and a GBX 410 ($5.75) price objective on the stock. Numis Securities raised their price objective on shares of Ashmore Group from GBX 340 ($4.77) to GBX 355 ($4.98) and gave the stock a “reduce” rating in a report on Tuesday, January 16th. JPMorgan Chase & Co. raised their price objective on shares of Ashmore Group from GBX 310 ($4.35) to GBX 350 ($4.91) and gave the stock an “underweight” rating in a report on Monday, October 16th. Shore Capital reissued a “hold” rating on shares of Ashmore Group in a report on Tuesday, January 16th. Finally, Liberum Capital reissued a “hold” rating and issued a GBX 367 ($5.15) price objective on shares of Ashmore Group in a report on Friday, January 12th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus 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). 5,752,627 shares of the company were exchanged, 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 one year low of GBX 318.90 ($4.47) and a one 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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