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Ashmore Group (LON: ASHM)‘s stock had its “add” rating reaffirmed by equities researchers at Numis Securities Ltd in a research report issued on Thursday, Analyst Ratings.Net reports. They currently have a GBX 405 ($6.02) price target on the stock, up from their previous price target of GBX 390 ($5.80). Numis Securities Ltd’s target price suggests a potential upside of 7.64% from the company’s current price.
ASHM has been the subject of a number of other recent research reports. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Ashmore Group in a research note to investors on Thursday. They now have a GBX 380 ($5.65) price target on the stock. Separately, analysts at Goldman Sachs Group Inc. reiterated a “neutral/neutral” rating on shares of Ashmore Group in a research note to investors on Thursday. They now have a GBX 440 ($6.54) price target on the stock. Finally, analysts at Espirito Santo Investment Bank Research reiterated a “buy” rating on shares of Ashmore Group in a research note to investors on Thursday. They now have a GBX 384 ($5.71) price target on the stock.
One research analyst has rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of GBX 398.89 ($5.93).
Ashmore Group (LON: ASHM) traded down 1.51% on Thursday, hitting GBX 371.00. Ashmore Group has a 1-year low of GBX 300.30 and a 1-year high of GBX 436.00. The stock’s 50-day moving average is currently GBX 338.9. The company’s market cap is £2.507 billion.
Ashmore Group plc (LON: ASHM) is engaged in providing investment management services.Image may be NSFW.
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