Analysts Set Ashmore Group plc (ASHM) Price Target at $377.18

Ashmore Group plc (LON:ASHM) has been given an average rating of “Hold” by the eighteen brokerages that are presently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is GBX 377.18 ($5.11).

ASHM has been the subject of a number of research reports. Berenberg Bank increased their price objective on Ashmore Group from GBX 380 ($5.15) to GBX 410 ($5.56) and gave the stock a “buy” rating in a report on Thursday, October 19th. JPMorgan Chase & Co. upgraded Ashmore Group to a “neutral” rating and increased their price objective for the stock from GBX 350 ($4.75) to GBX 395 ($5.36) in a report on Wednesday, December 13th. Numis Securities reiterated a “reduce” rating and set a GBX 295 ($4.00) price objective on shares of Ashmore Group in a report on Friday, October 13th. Peel Hunt reiterated an “add” rating and set a GBX 400 ($5.42) price objective on shares of Ashmore Group in a report on Friday, October 13th. Finally, Citigroup reiterated a “neutral” rating and set a GBX 370 ($5.02) price objective on shares of Ashmore Group in a report on Wednesday, October 18th.

Ashmore Group (LON ASHM) traded up GBX 2.80 ($0.04) during trading hours on Friday, hitting GBX 422.20 ($5.73). The company had a trading volume of 1,112,962 shares, compared to its average volume of 1,170,000. The company has a market capitalization of $3,000.00 and a P/E ratio of 1,759.17. Ashmore Group has a fifty-two week low of GBX 286.30 ($3.88) and a fifty-two week high of GBX 447.20 ($6.06).

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Ashmore Group Company Profile

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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