Berenberg Bank Reaffirms “Buy” Rating for Ashmore Group (ASHM)

Ashmore Group (LON:ASHM)‘s stock had its “buy” rating reaffirmed by investment analysts at Berenberg Bank in a research report issued to clients and investors on Monday. They currently have a GBX 440 ($6.08) price target on the investment management service provider’s stock. Berenberg Bank’s price objective would suggest a potential upside of 11.79% from the company’s current price.

Several other brokerages also recently issued reports on ASHM. Canaccord Genuity upped their price target on shares of Ashmore Group from GBX 410 ($5.66) to GBX 450 ($6.22) and gave the stock a “buy” rating in a research report on Friday, January 19th. Credit Suisse Group upped their price target on shares of Ashmore Group from GBX 325 ($4.49) to GBX 400 ($5.53) and gave the stock an “underperform” rating in a research report on Wednesday, January 31st. Citigroup reiterated a “neutral” rating and set a GBX 370 ($5.11) price target on shares of Ashmore Group in a research report on Wednesday, October 18th. Liberum Capital reiterated a “hold” rating and set a GBX 367 ($5.07) price target on shares of Ashmore Group in a research report on Friday, January 26th. Finally, Peel Hunt upgraded shares of Ashmore Group to an “add” rating and set a GBX 440 ($6.08) price target on the stock in a research report on Thursday. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of GBX 389.50 ($5.38).

Shares of Ashmore Group (LON:ASHM) traded up GBX 7 ($0.10) during trading hours on Monday, hitting GBX 393.60 ($5.44). 1,956,544 shares of the stock traded hands, compared to its average volume of 1,600,000. Ashmore Group has a 52 week low of GBX 318.90 ($4.41) and a 52 week high of GBX 447.20 ($6.18). The firm has a market cap of $2,780.00 and a P/E ratio of 1,874.29.

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Ashmore Group Company Profile

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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