Ashmore Group (LON:ASHM)‘s stock had its “buy” rating reiterated by investment analysts at Canaccord Genuity in a report released on Tuesday. They currently have a GBX 450 ($6.44) price target on the investment management service provider’s stock. Canaccord Genuity’s target price would indicate a potential upside of 9.44% from the company’s current price.
Other equities research analysts have also issued reports about the stock. Shore Capital restated a “hold” rating and issued a GBX 396 ($5.67) price objective on shares of Ashmore Group in a report on Tuesday. Peel Hunt restated an “add” rating and issued a GBX 440 ($6.30) price objective on shares of Ashmore Group in a report on Tuesday. Numis Securities upgraded shares of Ashmore Group to a “hold” rating and raised their price objective for the company from GBX 365 ($5.23) to GBX 386 ($5.53) in a report on Tuesday. Liberum Capital restated an “under review” rating on shares of Ashmore Group in a report on Thursday, February 8th. Finally, JPMorgan Chase raised their price objective on shares of Ashmore Group from GBX 395 ($5.66) to GBX 425 ($6.09) and gave the company a “neutral” rating in a report on Wednesday, January 17th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of GBX 394.56 ($5.65).
Shares of ASHM traded up GBX 15.20 ($0.22) during midday trading on Tuesday, reaching GBX 411.20 ($5.89). The stock had a trading volume of 7,657,273 shares, compared to its average volume of 1,580,000. Ashmore Group has a 1-year low of GBX 318.90 ($4.57) and a 1-year high of GBX 447.20 ($6.40).
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About Ashmore Group
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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