Ashmore Group (ASHM) Given Hold Rating at Liberum Capital

Liberum Capital restated their hold rating on shares of Ashmore Group (LON:ASHM) in a research report report published on Friday. The brokerage currently has a GBX 367 ($4.98) price objective on the investment management service provider’s stock.

Other analysts have also issued research reports about the stock. Peel Hunt reaffirmed an add rating and set a GBX 400 ($5.42) target price on shares of Ashmore Group in a report on Friday, October 13th. Canaccord Genuity started coverage on shares of Ashmore Group in a report on Friday, December 1st. They set a buy rating and a GBX 410 ($5.56) target price on the stock. Berenberg Bank upped their target price on shares of Ashmore Group from GBX 380 ($5.15) to GBX 410 ($5.56) and gave the stock a buy rating in a report on Thursday, October 19th. Morgan Stanley cut their price target on shares of Ashmore Group from GBX 385 ($5.22) to GBX 346 ($4.69) and set an equal weight rating for the company in a research note on Monday, September 18th. Finally, Jefferies Group boosted their price target on shares of Ashmore Group from GBX 331 ($4.49) to GBX 370 ($5.02) and gave the stock a hold rating in a research note on Wednesday, October 18th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the stock. Ashmore Group currently has a consensus rating of Hold and a consensus target price of GBX 367.18 ($4.98).

Ashmore Group (LON ASHM) traded up GBX 9.60 ($0.13) during trading on Friday, reaching GBX 431.60 ($5.85). 1,310,000 shares of the company were exchanged, compared to its average volume of 839,038. The company has a market cap of $3,050.00 and a price-to-earnings ratio of 1,798.33. Ashmore Group has a twelve month low of GBX 277.60 ($3.76) and a twelve month high of GBX 434.80 ($5.90).

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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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