Today Numis Reconfirms a Hold Rating on Ashmore Group PLC (LON:ASHM) and a GBX 275.00 Target Price


Ashmore Group PLC (LON:ASHM) Rating Reaffirmed

Numis now has a GBX 275.00 target PPS on the 1.81B GBP market cap company or 7.15% upside potential. In an interesting research report distributed to Clients on 27 November, Ashmore Group PLC (LON:ASHM) shares have had their Hold Rating has decided to reaffirm by analysts at Numis.

From a total of 13 analysts covering Ashmore Group PLC (LON:ASHM) stock, 3 rate it a ”Buy”, 4 a “Sell”, and 6 a ”Hold”. This means that 23% of the ratings are positive. The highest target price is GBX 348 while the lowest target price is GBX 230. The mean of all analyst targets is GBX 266.23 with a 4.24% above today’s (GBX 255.4) stock price. Ashmore Group PLC was the topic of 33 analyst reports since July 29, 2015 according to the firm StockzIntelligence Inc. Numis Securities maintained shares on November 27 with “Hold” rating. Citigroup maintained shares with “Buy” rating and GBX 290 target share price in a report from an October 22. BNP Paribas maintained ASHM stock in a recent report from November 19 with “Neutral” rating. JP Morgan maintained the rating on October 16. JP Morgan has a “Underweight” rating and a GBX 230 price target on shares. Finally, Credit Suisse maintained the stock with “Underperform” rating in a report issued on an October 22.

The stock decreased 0.16% or GBX 0.4 on November 27, striking GBX 255.4. Approximately 326,163 shares of stock traded hands. Ashmore Group plc (LON:ASHM) has declined 17.93% since May 1, 2015 and is downtrending. It has underperformed by 17.04% the S&P500.

Today Numis Reconfirms a Hold Rating on Ashmore Group PLC (LON:ASHM) and a GBX 275.00 Target Price

Ashmore Group plc is a United Kingdom company, which operates as a markets asset manager. The company has a market cap of 1.81 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 13.21 P/E ratio. It offers a range of investment opportunities in over 70 countries.