Berenberg Bank restated their buy rating on shares of Ashmore Group (LON:ASHM) in a research report report published on Monday morning. Berenberg Bank currently has a GBX 440 ($6.08) price objective on the investment management service provider’s stock.
Several other brokerages have also weighed in on ASHM. Numis Securities increased their target price on Ashmore Group from GBX 340 ($4.70) to GBX 355 ($4.90) and gave the stock a reduce rating in a research report on Tuesday, January 16th. Peel Hunt lowered Ashmore Group to a hold rating and increased their target price for the stock from GBX 400 ($5.53) to GBX 440 ($6.08) in a research report on Tuesday, January 16th. Liberum Capital reaffirmed a hold rating and issued a GBX 367 ($5.07) target price on shares of Ashmore Group in a research report on Friday, January 26th. Shore Capital reaffirmed a hold rating on shares of Ashmore Group in a research report on Tuesday, January 16th. Finally, Credit Suisse Group increased their target price on Ashmore Group from GBX 325 ($4.49) to GBX 400 ($5.53) and gave the stock an underperform rating in a research report on Wednesday, January 31st. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. The stock has an average rating of Hold and an average target price of GBX 389.50 ($5.38).
Ashmore Group (LON:ASHM) opened at GBX 392.80 ($5.43) on Monday. The firm has a market capitalization of $2,780.00 and a price-to-earnings ratio of 1,870.48. Ashmore Group has a 52-week low of GBX 318.90 ($4.41) and a 52-week high of GBX 447.20 ($6.18).
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.
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