Noteworthy Rating Filing: Better Rating Was Given to Ashmore Group PLC (LON:ASHM) By a Broker. GBX 285.00 is The Target Price

November 23, 2016 - By Dolores Ford

Ashmore Group PLC (LON:ASHM) Upgrade

In a a research note issued to clients on 23 November, Numis has upgraded Ashmore Group PLC (LON:ASHM) stock to a “Hold” and has set an estimated 12-month PT at GBX 285.00. Numis’s target is -2.85% from ASHM’s last price.

Ashmore Group plc (LON:ASHM) Ratings Coverage

Out of 17 analysts covering Ashmore Group PLC (LON:ASHM), 1 rate it a “Buy”, 9 “Sell”, while 7 “Hold”. This means 6% are positive. GBX 440 is the highest target while GBX 181 is the lowest. The GBX 311.81 average target is 6.17% above today’s (GBX 293.7) stock price. Ashmore Group PLC has been the topic of 122 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by Peel Hunt on Tuesday, February 16. The firm has “Neutral” rating given on Thursday, October 22 by BNP Paribas. The stock has “Hold” rating given by Liberum Capital on Thursday, October 15. The firm earned “Hold” rating on Thursday, October 15 by Numis Securities. JP Morgan maintained Ashmore Group plc (LON:ASHM) rating on Friday, April 1. JP Morgan has “Underweight” rating and GBX 185 price target. The rating was maintained by Shore Capital on Thursday, July 14 with “Sell”. The stock has “Neutral” rating given by Goldman Sachs on Monday, July 4. On Wednesday, June 1 the stock rating was maintained by Goldman Sachs with “Neutral”. The firm has “Underperform” rating by BNP Paribas given on Monday, November 21. The rating was maintained by Numis Securities on Thursday, September 3 with “Hold”.

About 381,743 shares traded hands. Ashmore Group plc (LON:ASHM) has declined 1.24% since April 26, 2016 and is downtrending. It has underperformed by 6.57% the S&P500.

Ashmore Group plc is a United Kingdom company, which operates as a specialist emerging markets asset manager. The company has a market cap of 2.08 billion GBP. The Firm offers a range of investment themes, such as external debt, local currency, corporate debt, blended debt, equities, alternatives, multi-strategy and overlay/liquidity. It has a 16.21 P/E ratio. The Company’s geographical divisions include United Kingdom, United States and Others.

More news for Ashmore Group plc (LON:ASHM) were recently published by: Bloomberg.com, which released: “Ashmore Shares Fall as Profit Drops on Emerging-Market Woes” on September 06, 2016. Marketwatch.com‘s article titled: “Ashmore Group logs fall in assets under management” and published on October 15, 2015 is yet another important article.

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