Shore Capital Reiterates Hold Rating for Ashmore Group (ASHM)

Ashmore Group (LON:ASHM)‘s stock had its “hold” rating reissued by Shore Capital in a report released on Thursday.

ASHM has been the subject of several other research reports. Canaccord Genuity upped their target price on Ashmore Group from GBX 410 ($5.75) to GBX 450 ($6.31) and gave the stock a “buy” rating in a research note on Friday, January 19th. Credit Suisse Group upped their target price on Ashmore Group from GBX 325 ($4.56) to GBX 400 ($5.61) and gave the stock an “underperform” rating in a research note on Wednesday, January 31st. Numis Securities reaffirmed a “reduce” rating and issued a GBX 295 ($4.14) target price on shares of Ashmore Group in a research note on Friday, October 13th. Citigroup reaffirmed a “neutral” rating and issued a GBX 370 ($5.19) target price on shares of Ashmore Group in a research note on Wednesday, October 18th. Finally, Liberum Capital reaffirmed a “hold” rating and issued a GBX 367 ($5.15) target price on shares of Ashmore Group in a research note on Friday, January 26th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of GBX 387.63 ($5.44).

Shares of Ashmore Group (LON:ASHM) traded down GBX 36.20 ($0.51) on Thursday, reaching GBX 386.60 ($5.42). The company’s stock had a trading volume of 5,752,627 shares, compared to its average volume of 1,490,000. The stock has a market capitalization of $2,730.00 and a price-to-earnings 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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