Ashmore Group plc (LON:ASHM) had its price objective decreased by Societe Generale from GBX 370 ($4.78) to GBX 365 ($4.71) in a research note issued on Wednesday. The brokerage currently has a “hold” rating on the investment management service provider’s stock. Societe Generale’s price target indicates a potential upside of 7.35% from the stock’s previous close.
ASHM has been the subject of a number of other reports. Liberum Capital dropped their price target on shares of Ashmore Group plc from GBX 338 ($4.37) to GBX 333 ($4.30) and set a “hold” rating for the company in a research report on Friday, July 7th. Shore Capital reiterated a “hold” rating on shares of Ashmore Group plc in a research report on Friday, July 14th. Barclays PLC upgraded shares of Ashmore Group plc to an “equal weight” rating and lifted their price target for the company from GBX 300 ($3.87) to GBX 370 ($4.78) in a research report on Thursday, July 20th. Peel Hunt reiterated an “add” rating and set a GBX 400 ($5.17) price target on shares of Ashmore Group plc in a research report on Friday, July 14th. Finally, Macquarie lifted their price target on shares of Ashmore Group plc from GBX 344 ($4.44) to GBX 374 ($4.83) and gave the company a “neutral” rating in a research report on Thursday, August 24th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of GBX 356 ($4.60).
Ashmore Group plc (LON ASHM) opened at 340.00 on Wednesday. Ashmore Group plc has a 52 week low of GBX 269.00 and a 52 week high of GBX 379.70. The firm has a 50-day moving average of GBX 359.22 and a 200-day moving average of GBX 355.25. The company’s market capitalization is GBX 2.27 billion.
TRADEMARK VIOLATION NOTICE: “Ashmore Group plc (ASHM) PT Lowered to GBX 365” was posted by Markets Daily and is the sole property of of Markets Daily. If you are accessing this article on another website, it was stolen and reposted in violation of international copyright & trademark legislation. The legal version of this article can be accessed at https://www.themarketsdaily.com/2017/09/13/ashmore-group-plc-ashm-pt-lowered-to-gbx-365.html.
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.
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 MarketBeat.com's FREE daily email newsletter.