Shore Capital Reiterates “Hold” Rating for Ashmore Group plc (ASHM)

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.

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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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