Ashmore Group plc (LON:ASHM) Receives Hold Rating from Numis Securities Ltd

Numis Securities Ltd restated their hold rating on shares of Ashmore Group plc (LON:ASHM) in a report issued on Friday. The brokerage currently has a GBX 320 ($4.18) target price on the investment management service provider’s stock.

Several other brokerages have also commented on ASHM. Goldman Sachs Group, Inc. (The) restated a buy rating and set a GBX 415 ($5.42) target price on shares of Ashmore Group plc in a research report on Wednesday, March 29th. BNP Paribas restated an underperform rating and set a GBX 290 ($3.79) target price on shares of Ashmore Group plc in a research report on Monday, March 27th. Peel Hunt restated a hold rating and set a GBX 330 ($4.31) target price on shares of Ashmore Group plc in a research report on Tuesday, April 18th. Shore Capital restated a hold rating on shares of Ashmore Group plc in a research report on Tuesday, April 18th. Finally, J P Morgan Chase & Co restated an underweight rating and set a GBX 320 ($4.18) target price on shares of Ashmore Group plc in a research report on Wednesday, April 19th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of GBX 345.94 ($4.52).

Shares of Ashmore Group plc (ASHM) traded up 1.43% during mid-day trading on Friday, reaching GBX 348.00. 1,002,837 shares of the company were exchanged. Ashmore Group plc has a 12 month low of GBX 269.00 and a 12 month high of GBX 379.70. The stock has a 50 day moving average price of GBX 353.93 and a 200-day moving average price of GBX 336.67. The stock’s market capitalization is GBX 2.33 billion.

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In other Ashmore Group plc news, insider Tom Shippey sold 9,079 shares of the stock in a transaction that occurred on Tuesday, April 18th. The shares were sold at an average price of GBX 366 ($4.78), for a total value of £33,229.14 ($43,391.41).

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.

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