Ashmore Group (ASHM) Reaches New 12-Month High at $414.60
Ashmore Group plc (LON:ASHM) hit a new 52-week high on Wednesday . The stock traded as high as GBX 414.60 ($5.62) and last traded at GBX 413.80 ($5.61), with a volume of 2184229 shares changing hands. The stock had previously closed at GBX 413.80 ($5.61).
Several equities research analysts have weighed in on ASHM shares. Berenberg Bank dropped their price target on shares of Ashmore Group from GBX 400 ($5.42) to GBX 380 ($5.15) and set a “buy” rating for the company in a research report on Thursday, September 14th. Morgan Stanley dropped their price target on shares of Ashmore Group from GBX 385 ($5.22) to GBX 346 ($4.69) and set an “equal weight” rating for the company in a research report on Monday, September 18th. JPMorgan Chase & Co. reissued an “underweight” rating and set a GBX 310 ($4.20) price target on shares of Ashmore Group in a research report on Thursday, September 21st. Numis Securities cut shares of Ashmore Group to a “reduce” rating and dropped their price target for the company from GBX 310 ($4.20) to GBX 295 ($4.00) in a research report on Monday, September 25th. Finally, Peel Hunt restated an “add” rating and issued a GBX 400 ($5.42) price objective on shares of Ashmore Group in a report on Friday, October 13th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of GBX 367.18 ($4.98).
The stock has a market capitalization of $2,970.00 and a price-to-earnings ratio of 1,781.67.
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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.
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