London: Ashmore Group (LON:ASHM) Stock Has Just Had Its “Buy” Rating Reiterated by Canaccord Genuity. Shares now Have a GBX 465.00 Target

July 13, 2018 - By Nellie Rakes

Ashmore Group PLC (LON:ASHM) Logo

Ashmore Group (LON:ASHM) Rating Reaffirmed

They currently have a GBX 465.00 target price on Ashmore Group (LON:ASHM). The target price by Canaccord Genuity would suggest a potential upside of 31.50 % from the company’s close price. This has been revealed to investors in a research note on Friday morning.

Ashmore Group PLC (LON:ASHM) Ratings Coverage

Among 11 analysts covering Ashmore Group PLC (LON:ASHM), 4 have Buy rating, 1 Sell and 6 Hold. Therefore 36% are positive. Ashmore Group PLC has GBX 470 highest and GBX 355 lowest target. GBX 422.18’s average target is 19.39% above currents GBX 353.6 stock price. Ashmore Group PLC had 29 analyst reports since January 16, 2018 according to SRatingsIntel. Numis Securities upgraded it to “Hold” rating and GBX 386 target in Tuesday, April 17 report. The rating was upgraded by HSBC to “Hold” on Tuesday, May 22. The rating was maintained by Berenberg with “Buy” on Tuesday, April 24. The firm earned “Hold” rating on Thursday, February 8 by Shore Capital. The rating was upgraded by Barclays Capital to “Overweight” on Friday, April 27. The stock of Ashmore Group PLC (LON:ASHM) earned “Add” rating by Peel Hunt on Thursday, April 26. On Tuesday, April 17 the stock rating was maintained by Shore Capital with “Hold”. The stock of Ashmore Group PLC (LON:ASHM) earned “Reduce” rating by Numis Securities on Tuesday, January 16. The stock of Ashmore Group PLC (LON:ASHM) earned “Reduce” rating by Numis Securities on Thursday, February 8. Peel Hunt downgraded the stock to “Hold” rating in Tuesday, January 16 report.

The stock increased 0.86% or GBX 3 during the last trading session, reaching GBX 353.6. About 1.75M shares traded. Ashmore Group PLC (LON:ASHM) has 0.00% since July 14, 2017 and is . It has underperformed by 12.57% the S&P500.

Ashmore Group plc is a publicly owned investment manager. The company has market cap of 2.36 billion GBP. The firm primarily provides its services to retail and institutional clients. It has a 16.76 P/E ratio. It manages separate client-focused equity and fixed income portfolios.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.