Ashmore Group plc (ASHM) PT Lowered to GBX 365

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.

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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.

Analyst Recommendations for Ashmore Group plc (LON:ASHM)

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