Ashmore Group (LON:ASHM) was upgraded by research analysts at Numis Securities to a “hold” rating in a research note issued on Tuesday. The firm currently has a GBX 386 ($5.53) price target on the investment management service provider’s stock, up from their prior price target of GBX 365 ($5.23). Numis Securities’ price target points to a potential downside of 8.14% from the stock’s current price.
Other equities research analysts have also recently issued reports about the company. Shore Capital reiterated a “hold” rating and issued a GBX 396 ($5.67) price target on shares of Ashmore Group in a research note on Tuesday. Peel Hunt reiterated an “add” rating and issued a GBX 440 ($6.30) price target on shares of Ashmore Group in a research note on Tuesday. JPMorgan Chase increased their price target on Ashmore Group from GBX 395 ($5.66) to GBX 425 ($6.09) and gave the company a “neutral” rating in a research note on Wednesday, January 17th. Liberum Capital reiterated an “under review” rating on shares of Ashmore Group in a research note on Thursday, February 8th. Finally, Credit Suisse Group increased their price target on Ashmore Group from GBX 325 ($4.65) to GBX 400 ($5.73) and gave the company an “underperform” rating in a research note on Wednesday, January 31st. Two analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 394.56 ($5.65).
Shares of LON ASHM opened at GBX 420.20 ($6.02) on Tuesday. Ashmore Group has a twelve month low of GBX 318.90 ($4.57) and a twelve month high of GBX 447.20 ($6.40).
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Ashmore Group plc is a publicly owned investment manager. The firm primarily provides its services to retail and institutional clients. It manages separate client-focused equity and fixed income portfolios. The firm also launches and manages equity and fixed income mutual funds for its clients. It invests in the public equity and fixed income markets in emerging markets across the globe.
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