Ashmore Group plc (LON:ASHM) Receives Neutral Rating from Citigroup Inc.

Ashmore Group plc (LON:ASHM)‘s stock had its “neutral” rating restated by Citigroup Inc. in a research report issued to clients and investors on Wednesday, October 18th. They currently have a GBX 370 ($4.87) price target on the investment management service provider’s stock. Citigroup Inc.’s price objective indicates a potential upside of 0.65% from the company’s previous close.

Several other research firms have also weighed in on ASHM. J P Morgan Chase & Co lifted their target price on shares of Ashmore Group plc from GBX 310 ($4.08) to GBX 350 ($4.60) and gave the company an “underweight” rating in a report on Monday, October 16th. Jefferies Group LLC boosted their price objective on shares of Ashmore Group plc from GBX 331 ($4.35) to GBX 370 ($4.87) and gave the stock a “hold” rating in a report on Wednesday, October 18th. Societe Generale reiterated a “hold” rating and issued a GBX 370 ($4.87) price objective on shares of Ashmore Group plc in a report on Wednesday, September 6th. Numis Securities Ltd reiterated a “hold” rating and issued a GBX 320 ($4.21) price objective on shares of Ashmore Group plc in a report on Thursday, September 7th. Finally, Peel Hunt reiterated an “add” rating and issued a GBX 400 ($5.26) price objective on shares of Ashmore Group plc in a report on Thursday, September 7th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of GBX 359.56 ($4.73).

Shares of Ashmore Group plc (LON:ASHM) traded down GBX 1.60 ($0.02) during midday trading on Wednesday, hitting GBX 367.60 ($4.83). 864,297 shares of the stock traded hands, compared to its average volume of 1,110,000. Ashmore Group plc has a one year low of GBX 269 ($3.54) and a one year high of GBX 392.20 ($5.16).

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In related news, insider Clive Adamson purchased 934 shares of Ashmore Group plc stock in a transaction dated Friday, October 13th. The stock was bought at an average cost of GBX 374 ($4.92) per share, with a total value of £3,493.16 ($4,594.45). Also, insider Tom Shippey sold 92,785 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of GBX 341 ($4.49), for a total transaction of £316,396.85 ($416,147.38).

Ashmore Group plc 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 plc (LON:ASHM)

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