Stock analysts at Canaccord Genuity increased their target price on shares of Ashmore Group (LON:ASHM) from GBX 380 ($6.10) to GBX 400 ($6.42) in a report issued on Thursday, Stock Ratings Network reports. The firm currently has a “hold” rating on the stock. Canaccord Genuity’s target price suggests a potential upside of 1.99% from the company’s current price.
A number of other analysts have also recently weighed in on ASHM. Analysts at Numis Securities Ltd raised their price target on shares of Ashmore Group from GBX 380 ($6.10) to GBX 390 ($6.26) in a research note to investors on Thursday. They now have a “hold” rating on the stock. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Ashmore Group from GBX 368 ($5.90) to GBX 390 ($6.26) in a research note to investors on Friday, October 4th. They now have a “neutral” rating on the stock. Eleven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 414.49 ($6.65).
Shares of Ashmore Group (LON:ASHM) opened at 397.10 on Thursday. Ashmore Group has a one year low of GBX 319.30 and a one year high of GBX 436.00. The stock has a 50-day moving average of GBX 362.1 and a 200-day moving average of GBX 371.6. The company’s market cap is £2.669 billion.
Ashmore Group plc (LON:ASHM) is engaged in providing investment management services.
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