Goldman Sachs Group Inc Reiterates Buy Rating for Ashmore Group plc (ASHM)

Ashmore Group plc (LON:ASHM)‘s stock had its “buy” rating reaffirmed by analysts at Goldman Sachs Group Inc in a research report issued on Tuesday. They presently have a GBX 415 ($5.33) price objective on the investment management service provider’s stock. Goldman Sachs Group Inc’s price target points to a potential upside of 18.33% from the stock’s previous close.

A number of other research firms have also recently commented on ASHM. Jefferies Group LLC upped their target price on Ashmore Group plc from GBX 312 ($4.01) to GBX 325 ($4.17) and gave the company a “hold” rating in a research note on Monday, April 10th. Liberum Capital reaffirmed a “hold” rating and set a GBX 338 ($4.34) target price on shares of Ashmore Group plc in a research note on Tuesday, April 18th. Peel Hunt reaffirmed a “hold” rating and set a GBX 330 ($4.24) target price on shares of Ashmore Group plc in a research note on Tuesday, April 18th. Shore Capital reissued a “hold” rating on shares of Ashmore Group plc in a research note on Tuesday, April 18th. Finally, JPMorgan Chase & Co. increased their price objective on Ashmore Group plc from GBX 305 ($3.92) to GBX 320 ($4.11) and gave the stock an “underweight” rating in a research note on Thursday, March 9th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of GBX 329 ($4.23).

Analyst Recommendations for Ashmore Group plc (LON:ASHM)

Shares of Ashmore Group plc (LON ASHM) opened at 351.20 on Tuesday. The company’s market cap is GBX 2.35 billion. The company’s 50-day moving average price is GBX 354.94 and its 200 day moving average price is GBX 327.33. Ashmore Group plc has a one year low of GBX 240.00 and a one year high of GBX 379.70.

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In other news, insider Tom Shippey sold 115,229 shares of the stock in a transaction on Wednesday, April 19th. The stock was sold at an average price of GBX 351 ($4.51), for a total transaction of £404,453.79 ($519,529.60).

About Ashmore Group plc

Ashmore Group plc is a United Kingdom-based company, which operates as a specialist emerging markets asset manager. The Company offers a range of investment themes, such as external debt, local currency, corporate debt, blended debt, equities, alternatives, multi-strategy and overlay/liquidity. Its geographical segments include United Kingdom, United States and Others.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “LSE:ASHM”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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