Ashmore Group plc (LON:ASHM) has received an average rating of “Hold” from the seventeen brokerages that are covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is GBX 394.60 ($5.45).
A number of brokerages have recently commented on ASHM. Liberum Capital reaffirmed a “hold” rating and set a GBX 367 ($5.07) price objective on shares of Ashmore Group in a research note on Friday, January 26th. Morgan Stanley raised their price objective on shares of Ashmore Group from GBX 377 ($5.21) to GBX 400 ($5.53) and gave the stock an “equal weight” rating in a research note on Thursday, February 22nd. Credit Suisse Group raised their price objective on shares of Ashmore Group from GBX 325 ($4.49) to GBX 400 ($5.53) and gave the stock an “underperform” rating in a research note on Wednesday, January 31st. Shore Capital reaffirmed a “hold” rating on shares of Ashmore Group in a research note on Thursday, February 8th. Finally, Canaccord Genuity raised their price objective on shares of Ashmore Group from GBX 410 ($5.66) to GBX 450 ($6.22) and gave the stock a “buy” rating in a research note on Friday, January 19th.
Shares of Ashmore Group (LON:ASHM) traded up GBX 1.40 ($0.02) during midday trading on Friday, hitting GBX 389.40 ($5.38). 1,316,850 shares of the stock were exchanged, compared to its average volume of 1,570,000. The firm has a market cap of $2,750.00 and a PE ratio of 1,854.29. Ashmore Group has a twelve month low of GBX 318.90 ($4.41) and a twelve month high of GBX 447.20 ($6.18).
About Ashmore Group
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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