Ashmore Group (ASHM) Hits New 12-Month High at $414.60

Shares of Ashmore Group plc (LON:ASHM) reached a new 52-week high during trading on Wednesday . The company traded as high as GBX 414.60 ($5.62) and last traded at GBX 413.80 ($5.61), with a volume of 2184229 shares. The stock had previously closed at GBX 413.80 ($5.61).

ASHM has been the topic of several recent research reports. Societe Generale dropped their price target on Ashmore Group from GBX 370 ($5.02) to GBX 365 ($4.95) and set a “hold” rating on the stock in a research report on Wednesday, September 13th. Berenberg Bank dropped their price target on Ashmore Group from GBX 400 ($5.42) to GBX 380 ($5.15) and set a “buy” rating on the stock in a research report on Thursday, September 14th. Morgan Stanley dropped their price target on Ashmore Group from GBX 385 ($5.22) to GBX 346 ($4.69) and set an “equal weight” rating on the stock in a research report on Monday, September 18th. JPMorgan Chase & Co. restated an “underweight” rating and issued a GBX 310 ($4.20) price target on shares of Ashmore Group in a research report on Thursday, September 21st. Finally, Numis Securities cut Ashmore Group to a “reduce” rating and dropped their price target for the company from GBX 310 ($4.20) to GBX 295 ($4.00) in a research report on Monday, September 25th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of GBX 365.18 ($4.95).

The company has a market capitalization of $2,930.00 and a P/E ratio of 1,724.17.

In other Ashmore Group news, insider Clive Adamson purchased 934 shares of Ashmore Group stock in a transaction on Friday, October 13th. The shares were bought at an average price of GBX 374 ($5.07) per share, with a total value of £3,493.16 ($4,737.13).

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Ashmore Group 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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