Ashmore Group plc (ASHM) Price Target Cut to GBX 270 by Analysts at BNP Paribas

Ashmore Group plc (LON:ASHM) had its target price decreased by BNP Paribas from GBX 300 ($3.65) to GBX 270 ($3.28) in a research report released on Tuesday morning. BNP Paribas currently has an underperform rating on the investment management service provider’s stock.

Other research analysts also recently issued reports about the stock. Numis Securities Ltd reaffirmed a sell rating and issued a GBX 285 ($3.47) target price on shares of Ashmore Group plc in a research note on Friday, October 14th. Liberum Capital raised shares of Ashmore Group plc to a hold rating and lifted their target price for the stock from GBX 240 ($2.92) to GBX 379 ($4.61) in a research note on Wednesday, October 12th. Macquarie lifted their target price on shares of Ashmore Group plc from GBX 233 ($2.83) to GBX 304 ($3.70) and gave the stock a neutral rating in a research note on Monday, October 17th. Shore Capital reaffirmed a sell rating on shares of Ashmore Group plc in a research note on Friday, October 14th. Finally, Barclays PLC decreased their target price on shares of Ashmore Group plc from GBX 325 ($3.95) to GBX 270 ($3.28) and set an underweight rating on the stock in a research note on Monday. Eight research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. Ashmore Group plc currently has an average rating of Hold and an average target price of GBX 313.14 ($3.81).

Analyst Recommendations for Ashmore Group plc (LON:ASHM)

Ashmore Group plc (LON:ASHM) traded down 0.14% on Tuesday, hitting GBX 283.20. 1,161,525 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of GBX 287.75 and a 200-day moving average price of GBX 327.67. The stock’s market cap is GBX 1.89 billion. Ashmore Group plc has a 52-week low of GBX 193.50 and a 52-week high of GBX 378.50.

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About Ashmore Group plc

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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