Ashmore Group (ASHM) Downgraded by Peel Hunt to Hold
Ashmore Group (LON:ASHM) was downgraded by research analysts at Peel Hunt to a “hold” rating in a report issued on Tuesday. They currently have a GBX 440 ($5.97) price objective on the investment management service provider’s stock, up from their prior price objective of GBX 400 ($5.42). Peel Hunt’s price target would indicate a potential upside of 2.21% from the stock’s current price.
Several other analysts also recently weighed in on ASHM. Numis Securities lifted their target price on Ashmore Group from GBX 340 ($4.61) to GBX 355 ($4.81) and gave the company a “reduce” rating in a research note on Tuesday. Liberum Capital reaffirmed a “hold” rating and set a GBX 367 ($4.98) target price on shares of Ashmore Group in a research note on Friday. Citigroup reaffirmed a “neutral” rating and set a GBX 370 ($5.02) target price on shares of Ashmore Group in a research note on Wednesday, October 18th. Shore Capital reaffirmed a “hold” rating on shares of Ashmore Group in a research note on Tuesday. Finally, Macquarie reaffirmed a “neutral” rating and set a GBX 384 ($5.21) target price on shares of Ashmore Group in a research note on Wednesday, October 18th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company’s stock. Ashmore Group has an average rating of “Hold” and a consensus price target of GBX 373.06 ($5.06).
Shares of Ashmore Group (ASHM) opened at GBX 430.50 ($5.84) on Tuesday. The firm has a market capitalization of $3,050.00 and a price-to-earnings ratio of 1,793.75. Ashmore Group has a 12 month low of GBX 279 ($3.78) and a 12 month high of GBX 447.20 ($6.06).
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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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