Ashmore Group PLC (LON:ASHM): Peel Hunt Keeps Buy Rating Today, Has a Target of GBX 330.00/Share

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Ashmore Group PLC (LON:ASHM) Rating Reaffirmed

Ashmore Group PLC (LON:ASHM) just had their share rating of a ‘Buy’ issued by research analysts at Peel Hunt, who now has a GBX 330.00 target PPS on the 1.76 billion GBP market cap company or a 26.20% upside potential. This key information was released in an analyst note on Monday, 7 December.

From a total of 17 analysts covering Ashmore Group PLC (LON:ASHM) stock, 4 rate it a ”Buy”, 4 a “Sell”, and 9 a ”Hold”. This means that 24% of the ratings are positive. The highest target price is GBX 331 while the lowest target price is GBX 230. The mean of all analyst targets is GBX 270.94 with a 8.97% above today’s (GBX 248.5) stock price. Ashmore Group PLC was the topic of 34 analyst reports since July 29, 2015 according to the firm StockzIntelligence Inc. Peel Hunt maintained shares on December 7 with “Buy” rating. Credit Suisse maintained shares with “Underperform” rating and GBX 250 target share price in a report from an October 22. Morgan Stanley maintained ASHM stock in a recent report from November 25 with “Equal-Weight” rating. Citigroup maintained the rating on October 22. Citigroup has a “Buy” rating and a GBX 290 price target on shares. Finally, Barclays Capital maintained the stock with “Underweight” rating in a report issued on a November 11.

The stock closed the day at GBX 248.5 during the previous session. It is down 22.32% since May 8, 2015 and is downtrending. It has underperformed by 21.24% the S&P500.

Ashmore Group PLC (LON:ASHM): Peel Hunt Keeps Buy Rating Today, Has a Target of GBX 330.00/Share

Ashmore Group plc is a United Kingdom company, which operates as a markets asset manager. The company has a market cap of 1.76 billion GBP. The Firm invests client funds in a range of investment themes, such as external debt, local currency, corporate debt, blended debt, equities, alternatives, multi-strategy and overlay/liquidity. It has 12.86 P/E ratio. It offers a range of investment opportunities in over 70 countries.

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