22.85% to Target, Goldman Sachs Sticks With ‘Neutral’ Rating on Ashmore Group (LON:ASHM) Shares Today

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Ashmore Group (LON:ASHM) Rating Reaffirmed

In an interesting research report announced on Thursday, 10 December, The Neutral rating of Ashmore Group (LON:ASHM) shares was has decided to restate at Goldman Sachs, who now has a GBX 300.00 target on the stock. Goldman Sachs’s target may imply a possible upside of 22.85% from the current price of the company.

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 271.82 with a 10.18% above today’s (GBX 245.78) 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.

Approximately 752,475 shares of stock traded hands. Ashmore Group plc (LON:ASHM) has declined 23.52% since May 13, 2015 and is downtrending. It has underperformed by 21.59% the S&P500.

22.85% to Target, Goldman Sachs Sticks With ‘Neutral’ Rating on Ashmore Group (LON:ASHM) Shares Today

Ashmore Group plc is a United Kingdom company, which operates as a markets asset manager. The company has a market cap of 1.74 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 12.72 P/E ratio. It offers a range of investment opportunities in over 70 countries.

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