Ashmore Group plc’s (ASHM) “Neutral” Rating Reiterated at Citigroup Inc.
Ashmore Group plc (LON:ASHM)‘s stock had its “neutral” rating reiterated by stock analysts at Citigroup Inc. in a report released on Wednesday. They currently have a GBX 370 ($4.92) price target on the investment management service provider’s stock. Citigroup Inc.’s target price points to a potential downside of 1.88% from the company’s current price.
A number of other brokerages have also issued reports on ASHM. J P Morgan Chase & Co upped their price target on shares of Ashmore Group plc from GBX 310 ($4.12) to GBX 350 ($4.65) and gave the company an “underweight” rating in a research note on Monday. Jefferies Group LLC upped their price target on shares of Ashmore Group plc from GBX 331 ($4.40) to GBX 370 ($4.92) and gave the company a “hold” rating in a research note on Wednesday. Societe Generale restated a “hold” rating and set a GBX 370 ($4.92) price target on shares of Ashmore Group plc in a research note on Wednesday, September 6th. Numis Securities Ltd restated a “hold” rating and set a GBX 320 ($4.25) price target on shares of Ashmore Group plc in a research note on Thursday, September 7th. Finally, Peel Hunt restated an “add” rating and set a GBX 400 ($5.31) price target on shares of Ashmore Group plc in a research note on Thursday, September 7th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of GBX 357.06 ($4.74).
Shares of Ashmore Group plc (LON ASHM) opened at 377.10 on Wednesday. The firm has a 50-day moving average of GBX 349.00 and a 200-day moving average of GBX 353.65. The company’s market cap is GBX 2.52 billion. Ashmore Group plc has a 52-week low of GBX 269.00 and a 52-week high of GBX 392.20.
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In related news, insider Tom Shippey sold 92,785 shares of the stock in a transaction on Monday, September 18th. The shares were sold at an average price of GBX 341 ($4.53), for a total transaction of £316,396.85 ($420,405.06). Also, insider Clive Adamson purchased 934 shares of the stock in a transaction that occurred on Friday, October 13th. The shares were purchased at an average cost of GBX 374 ($4.97) per share, for a total transaction of £3,493.16 ($4,641.46).
Ashmore Group plc 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.
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