Ashmore Group plc (ASHM) Receives Consensus Rating of “Hold” from Brokerages
Shares of Ashmore Group plc (LON:ASHM) have been assigned a consensus rating of “Hold” from the seventeen brokerages that are presently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is GBX 355.38 ($4.60).
ASHM has been the topic of several research reports. Shore Capital reaffirmed a “hold” rating on shares of Ashmore Group plc in a research report on Friday, July 14th. Credit Suisse Group increased their target price on Ashmore Group plc from GBX 269 ($3.48) to GBX 325 ($4.20) and gave the stock an “underperform” rating in a research report on Tuesday, July 18th. BNP Paribas reaffirmed an “underperform” rating and issued a GBX 330 ($4.27) target price on shares of Ashmore Group plc in a research report on Tuesday, July 18th. Peel Hunt reaffirmed an “add” rating and issued a GBX 400 ($5.17) target price on shares of Ashmore Group plc in a research report on Friday, July 14th. Finally, Liberum Capital reaffirmed a “hold” rating and issued a GBX 333 ($4.31) target price on shares of Ashmore Group plc in a research report on Friday, July 14th.
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Ashmore Group plc (LON:ASHM) traded down 0.64% during trading on Wednesday, hitting GBX 370.30. The stock has a 50 day moving average of GBX 355.43 and a 200-day moving average of GBX 354.00. Ashmore Group plc has a 52 week low of GBX 269.00 and a 52 week high of GBX 379.70. The company’s market cap is GBX 2.48 billion.
About Ashmore Group plc
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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