Ashmore Group plc (LON:ASHM) had its target price lowered by research analysts at Morgan Stanley from GBX 385 ($5.19) to GBX 346 ($4.66) in a research note issued to investors on Monday. The firm presently has an “equal weight” rating on the investment management service provider’s stock. Morgan Stanley’s price target points to a potential downside of 1.14% from the company’s current price.

Several other research firms have also weighed in on ASHM. Shore Capital reissued a “hold” rating on shares of Ashmore Group plc in a report on Friday, July 14th. Numis Securities Ltd reissued a “hold” rating and issued a GBX 320 ($4.31) target price on shares of Ashmore Group plc in a report on Thursday, September 7th. Societe Generale lowered their target price on Ashmore Group plc from GBX 370 ($4.99) to GBX 365 ($4.92) and set a “hold” rating on the stock in a report on Wednesday, September 13th. Credit Suisse Group upped their target price on Ashmore Group plc from GBX 269 ($3.63) to GBX 325 ($4.38) and gave the company an “underperform” rating in a report on Tuesday, July 18th. Finally, BNP Paribas reissued an “underperform” rating and issued a GBX 330 ($4.45) target price on shares of Ashmore Group plc in a report on Tuesday, July 18th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the company. Ashmore Group plc currently has a consensus rating of “Hold” and an average price target of GBX 355.13 ($4.79).

Shares of Ashmore Group plc (LON ASHM) opened at 350.70 on Monday. The firm’s 50-day moving average is GBX 357.94 and its 200 day moving average is GBX 354.75. Ashmore Group plc has a 52 week low of GBX 269.00 and a 52 week high of GBX 379.70. The firm’s market cap is GBX 2.35 billion.

ILLEGAL ACTIVITY NOTICE: “Morgan Stanley Lowers Ashmore Group plc (ASHM) Price Target to GBX 346” was first published by Watch List News and is owned by of Watch List News. If you are accessing this piece on another site, it was illegally copied and republished in violation of international copyright and trademark laws. The correct version of this piece can be read at

In related news, insider Tom Shippey sold 92,785 shares of the stock in a transaction on Monday, September 18th. The stock was sold at an average price of GBX 341 ($4.60), for a total transaction of £316,396.85 ($426,583.32).

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.

Analyst Recommendations for Ashmore Group plc (LON:ASHM)

Receive News & Ratings for Ashmore Group plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ashmore Group plc and related companies with Analyst Ratings Network's FREE daily email newsletter.