Ashmore Group (LON:ASHM) had its price objective increased by Canaccord Genuity from GBX 410 ($5.56) to GBX 450 ($6.10) in a research note published on Friday morning. Canaccord Genuity currently has a buy rating on the investment management service provider’s stock.
Several other brokerages have also recently issued reports on ASHM. Numis Securities increased their price objective on Ashmore Group from GBX 340 ($4.61) to GBX 355 ($4.81) and gave the company a reduce rating in a research note on Tuesday. Peel Hunt reiterated an add rating and issued a GBX 400 ($5.42) price objective on shares of Ashmore Group in a research note on Friday, October 13th. JPMorgan Chase & Co. increased their price objective on Ashmore Group from GBX 310 ($4.20) to GBX 350 ($4.75) and gave the company an underweight rating in a research note on Monday, October 16th. Shore Capital reiterated a hold rating on shares of Ashmore Group in a research note on Tuesday. Finally, Liberum Capital reiterated a hold rating and issued a GBX 367 ($4.98) price objective on shares of Ashmore Group in a research note on Friday, January 12th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of Hold and an average price target of GBX 377.18 ($5.11).
Shares of Ashmore Group (ASHM) traded up GBX 2 ($0.03) during midday trading on Friday, hitting GBX 425.20 ($5.77). The stock has a market cap of $3,010.00 and a P/E ratio of 1,771.67. Ashmore Group has a twelve month low of GBX 286.30 ($3.88) and a twelve month high of GBX 447.20 ($6.06).
Ashmore Group 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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