Ashmore Group (LON:ASHM)‘s stock had its “buy” rating reaffirmed by investment analysts at Canaccord Genuity in a report released on Tuesday. They presently have a GBX 450 ($6.44) price objective on the investment management service provider’s stock. Canaccord Genuity’s price target points to a potential upside of 7.66% from the stock’s previous close.
A number of other research analysts have also issued reports on the stock. Peel Hunt upgraded shares of Ashmore Group to an “add” rating and set a GBX 440 ($6.30) price target on the stock in a research note on Thursday, February 8th. Liberum Capital reiterated a “hold” rating and issued a GBX 367 ($5.25) price objective on shares of Ashmore Group in a research note on Friday, January 12th. Numis Securities increased their price objective on shares of Ashmore Group from GBX 340 ($4.87) to GBX 355 ($5.08) and gave the stock a “reduce” rating in a research note on Tuesday, January 16th. Shore Capital reiterated a “hold” rating on shares of Ashmore Group in a research note on Tuesday, January 16th. Finally, JPMorgan Chase increased their price objective on shares of Ashmore Group from GBX 395 ($5.66) to GBX 425 ($6.09) and gave the stock a “neutral” rating in a research note on Wednesday, January 17th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of GBX 395.50 ($5.66).
Shares of Ashmore Group stock opened at GBX 418 ($5.99) on Tuesday. Ashmore Group has a 12-month low of GBX 318.90 ($4.57) and a 12-month high of GBX 447.20 ($6.40).
Ashmore Group Company Profile
Ashmore Group plc is a publicly owned investment manager. The firm primarily provides its services to retail and institutional clients. It manages separate client-focused equity and fixed income portfolios. The firm also launches and manages equity and fixed income mutual funds for its clients. It invests in the public equity and fixed income markets in emerging markets across the globe.
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