Ashmore Group (LON:ASHM)‘s stock had its “reduce” rating restated by stock analysts at Numis Securities in a research report issued on Thursday. They presently have a GBX 355 ($4.98) target price on the investment management service provider’s stock. Numis Securities’ target price suggests a potential downside of 16.00% from the stock’s previous close.

Several other research analysts have also weighed in on the company. Canaccord Genuity started coverage on Ashmore Group in a research report on Friday, December 1st. They set a “buy” rating and a GBX 410 ($5.75) price target on the stock. JPMorgan Chase & Co. raised Ashmore Group to a “neutral” rating and boosted their price target for the stock from GBX 350 ($4.91) to GBX 395 ($5.54) in a research report on Wednesday, December 13th. Peel Hunt reaffirmed an “add” rating and set a GBX 400 ($5.61) price target on shares of Ashmore Group in a research report on Friday, October 13th. Liberum Capital reaffirmed a “hold” rating and set a GBX 367 ($5.15) price target on shares of Ashmore Group in a research report on Friday, January 12th. Finally, Berenberg Bank boosted their price target on Ashmore Group from GBX 380 ($5.33) to GBX 410 ($5.75) and gave the stock a “buy” rating in a research report on Thursday, October 19th. 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 price target of GBX 387.63 ($5.44).

Shares of Ashmore Group (ASHM) opened at GBX 422.60 ($5.93) on Thursday. Ashmore Group has a 1 year low of GBX 314.60 ($4.41) and a 1 year high of GBX 447.20 ($6.27). The stock has a market capitalization of $2,860.00 and a P/E ratio of 1,760.83.

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About Ashmore Group

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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