Canaccord Genuity initiated coverage on shares of Ashmore Group (LON:ASHM) in a research note issued to investors on Friday morning. The firm issued a buy rating and a GBX 410 ($5.52) target price on the investment management service provider’s stock.
A number of other brokerages also recently commented on ASHM. Peel Hunt reiterated an add rating and set a GBX 400 ($5.38) target price on shares of Ashmore Group in a research note on Friday, October 13th. Numis Securities reiterated a hold rating and set a GBX 320 ($4.31) target price on shares of Ashmore Group in a research note on Thursday, September 7th. Societe Generale lowered their target price on shares of Ashmore Group from GBX 370 ($4.98) to GBX 365 ($4.91) and set a hold rating for the company in a research note on Wednesday, September 13th. J P Morgan Chase & Co boosted their target price on shares of Ashmore Group from GBX 310 ($4.17) to GBX 350 ($4.71) and gave the stock an underweight rating in a research note on Monday, October 16th. Finally, Shore Capital reiterated a hold rating on shares of Ashmore Group in a research note on Friday, October 13th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of GBX 362.53 ($4.88).
Ashmore Group (LON:ASHM) opened at GBX 372.70 ($5.02) on Friday. Ashmore Group has a 12 month low of GBX 274.10 ($3.69) and a 12 month high of GBX 392.20 ($5.28).
In other Ashmore Group news, insider Clive Adamson bought 934 shares of Ashmore Group stock in a transaction dated Friday, October 13th. The stock was acquired at an average cost of GBX 374 ($5.03) per share, with a total value of £3,493.16 ($4,701.43). Also, insider Tom Shippey sold 92,785 shares of the company’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of GBX 341 ($4.59), for a total transaction of £316,396.85 ($425,836.94).
TRADEMARK VIOLATION NOTICE: “Ashmore Group (ASHM) Now Covered by Analysts at Canaccord Genuity” was originally reported by Sports Perspectives and is owned by of Sports Perspectives. If you are viewing this news story on another site, it was copied illegally and republished in violation of international trademark & copyright laws. The legal version of this news story can be read at https://sportsperspectives.com/2017/12/05/ashmore-group-ashm-now-covered-by-analysts-at-canaccord-genuity.html.
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.
Receive News & Ratings for Ashmore Group plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ashmore Group plc and related companies with MarketBeat.com's FREE daily email newsletter.