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.
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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