Ashmore Group plc (LON:ASHM)‘s stock had its “hold” rating restated by research analysts at Shore Capital in a report issued on Friday.
A number of other research firms also recently issued reports on ASHM. UBS AG reaffirmed a “buy” rating and set a GBX 400 ($5.22) price objective on shares of Ashmore Group plc in a report on Tuesday, April 4th. J P Morgan Chase & Co reaffirmed an “underweight” rating and set a GBX 320 ($4.18) price objective on shares of Ashmore Group plc in a report on Wednesday, April 19th. Peel Hunt reaffirmed an “add” rating and set a GBX 400 ($5.22) price objective on shares of Ashmore Group plc in a report on Friday. Liberum Capital reaffirmed a “hold” rating and set a GBX 333 ($4.35) price objective on shares of Ashmore Group plc in a report on Friday. Finally, BNP Paribas reaffirmed an “underperform” rating and set a GBX 290 ($3.79) price objective on shares of Ashmore Group plc in a report on Monday, March 27th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of GBX 345.94 ($4.52).
Shares of Ashmore Group plc (LON:ASHM) opened at 348.00 on Friday. The company’s market capitalization is GBX 2.33 billion. Ashmore Group plc has a 1-year low of GBX 269.00 and a 1-year high of GBX 379.70. The firm’s 50-day moving average price is GBX 353.93 and its 200 day moving average price is GBX 336.67.
In related news, insider Tom Shippey sold 115,229 shares of the business’s stock in a transaction dated Wednesday, April 19th. The shares were sold at an average price of GBX 351 ($4.58), for a total transaction of £404,453.79 ($528,145.46).
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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