Equities researchers at RBC Capital reduced their price target on shares of Ashmore Group (LON:ASHM) from GBX 405 ($6.33) to GBX 400 ($6.25) in a research report issued on Thursday, Analyst Ratings Network.com reports. The firm currently has a “sector performer” rating on the stock. RBC Capital’s target price points to a potential upside of 3.36% from the stock’s previous close.
Ashmore Group (LON:ASHM) traded down 1.42% on Thursday, hitting GBX 381.50. The stock had a trading volume of 575,913 shares. The stock’s 50-day moving average is GBX 358.5 and its 200-day moving average is GBX 370.4. The company’s market cap is £2.578 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Morgan Stanley cut their price target on shares of Ashmore Group (LON:ASHM) from GBX 420 ($6.57) to GBX 410 ($6.41) in a research note to investors on Thursday. They now have an “equal weight” rating on the stock. Separately, analysts at Numis Securities Ltd downgraded shares of Ashmore Group (LON:ASHM) from an “add” rating to a “hold” rating in a research note to investors on Wednesday. They now have a GBX 385 ($6.02) price target on the stock, down previously from GBX 405 ($6.33). Finally, analysts at Bank of America Corp. raised their price target on shares of Ashmore Group (LON:ASHM) from GBX 405 ($6.33) to GBX 430 ($6.72) in a research note to investors on Wednesday. They now have a “buy” rating on the stock.
One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the company. Ashmore Group presently has a consensus rating of “Hold” and an average price target of GBX 397.44 ($6.21).
Ashmore Group plc (LON:ASHM) is engaged in providing investment management services.