Societe Generale Lowers Ashmore Group plc (ASHM) Price Target to GBX 365
Ashmore Group plc (LON:ASHM) had its price target cut by analysts at Societe Generale from GBX 370 ($4.78) to GBX 365 ($4.71) in a research report issued on Wednesday. The brokerage presently has a “hold” rating on the investment management service provider’s stock. Societe Generale’s price target would suggest a potential upside of 6.57% from the stock’s previous close.
A number of other equities analysts also recently issued reports on ASHM. Numis Securities Ltd reiterated a “hold” rating and set a GBX 320 ($4.13) price target on shares of Ashmore Group plc in a research report on Thursday, September 7th. Macquarie reiterated a “neutral” rating and set a GBX 374 ($4.83) price target on shares of Ashmore Group plc in a research report on Monday. Shore Capital reiterated a “hold” rating on shares of Ashmore Group plc in a research report on Tuesday, August 15th. J P Morgan Chase & Co lowered their price target on Ashmore Group plc from GBX 320 ($4.13) to GBX 310 ($4.00) and set an “underweight” rating on the stock in a research report on Friday, September 8th. Finally, Liberum Capital reduced their target price on Ashmore Group plc from GBX 338 ($4.37) to GBX 333 ($4.30) and set a “hold” rating for the company in a report on Friday, July 7th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of GBX 354.75 ($4.58).
Shares of Ashmore Group plc (ASHM) opened at 343.00 on Wednesday. Ashmore Group plc has a 52 week low of GBX 269.00 and a 52 week high of GBX 379.70. The company’s market cap is GBX 2.29 billion. The company’s 50-day moving average price is GBX 358.57 and its 200 day moving average price is GBX 355.08.
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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.
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