Ashmore Group plc (LON:ASHM)‘s stock had its “add” rating reissued by analysts at Peel Hunt in a note issued to investors on Friday. They currently have a GBX 400 ($5.26) price objective on the investment management service provider’s stock. Peel Hunt’s price objective would suggest a potential upside of 13.25% from the stock’s current price.
A number of other research analysts have also weighed in on ASHM. Berenberg Bank initiated coverage on Ashmore Group plc in a research report on Thursday, June 15th. They set a “buy” rating and a GBX 400 ($5.26) price objective for the company. Liberum Capital cut their price objective on Ashmore Group plc from GBX 338 ($4.44) to GBX 333 ($4.38) and set a “hold” rating for the company in a research report on Friday, July 7th. Jefferies Group LLC raised their price objective on Ashmore Group plc from GBX 325 ($4.27) to GBX 354 ($4.65) and gave the company a “hold” rating in a research report on Tuesday, July 11th. Shore Capital restated a “hold” rating on shares of Ashmore Group plc in a research report on Friday, July 14th. Finally, Numis Securities Ltd restated a “hold” rating and set a GBX 320 ($4.21) price objective on shares of Ashmore Group plc in a research report on Friday, July 14th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of GBX 353.56 ($4.65).
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In other Ashmore Group plc news, insider Tom Shippey sold 92,785 shares of the firm’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of GBX 341 ($4.48), for a total value of £316,396.85 ($415,983.24).
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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