Ashmore Group plc (ASHM) Receives Consensus Rating of “Hold” from Analysts

Ashmore Group plc (LON:ASHM) has received a consensus rating of “Hold” from the eighteen analysts that are covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is GBX 365.18 ($4.88).

A number of research analysts recently weighed in on ASHM shares. Peel Hunt reiterated an “add” rating and issued a GBX 400 ($5.35) target price on shares of Ashmore Group in a report on Thursday, September 7th. Societe Generale reiterated a “hold” rating and issued a GBX 370 ($4.95) target price on shares of Ashmore Group in a report on Wednesday, September 6th. Canaccord Genuity started coverage on Ashmore Group in a report on Friday, December 1st. They issued a “buy” rating and a GBX 410 ($5.48) target price on the stock. JPMorgan Chase & Co. reduced their price objective on Ashmore Group from GBX 320 ($4.28) to GBX 310 ($4.14) and set an “underweight” rating on the stock in a research note on Friday, September 8th. Finally, Numis Securities cut Ashmore Group to a “reduce” rating and reduced their price objective for the stock from GBX 310 ($4.14) to GBX 295 ($3.94) in a research note on Monday, September 25th.

Ashmore Group (ASHM) opened at GBX 400.80 ($5.36) on Tuesday. Ashmore Group has a fifty-two week low of GBX 274.10 ($3.66) and a fifty-two week high of GBX 401.90 ($5.37). The firm has a market capitalization of $2,840.00 and a price-to-earnings ratio of 1,670.00.

In other Ashmore Group news, insider Clive Adamson bought 934 shares of the company’s stock in a transaction dated Friday, October 13th. The shares were acquired at an average cost of GBX 374 ($5.00) per share, with a total value of £3,493.16 ($4,670.62).

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About Ashmore Group

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.

Analyst Recommendations for Ashmore Group (LON:ASHM)

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