Ashmore Group PLC (LON:ASHM) Rating Kept
Stock analysts at JP Morgan Cazenove have GBX 185.00 price target on Ashmore Group Plc (LON:ASHM). JP Morgan Cazenove’s price target would suggest a potential upside of Infinity from the company’s last stock close price. The rating was disclosed to clients in a research report on Friday, 1 April.
Out of 17 analysts covering Ashmore Group Plc, 5 rate it a Buy, 7 indicate a Hold while 5 suggest a Sell. The highest target is GBX 300 and the lowest is GBX 182 according to Thomson/First Call. The 12-month mean target is GBX 236.59, which means downside potential of 15.33% over the current price.
LON:ASHM Price Chart & Trend
The stock price of Ashmore Group PLC is down 1.7% over the last 200 days, and is in very unstanble down trend. In the last 50 and 100 days, Ashmore Group PLC is up 43.58% and up 9.13%, respectively. Our stocks momentum model is shown on the price chart below.
Source: RightEdge Systems, Yahoo Split & Dividend Adjusted Data and OctaFinance Trading Models
Ashmore Group PLC (LON:ASHM) Profile
Ashmore Group plc is a United Kingdom-based company, which operates as a markets asset manager. The Company 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 offers a range of investment opportunities in over 70 countries.
Ashmore Group PLC (LON:ASHM) traded down -2.85% on 1 April, hitting GBX 279.42. A total of 685,937 shares of the company’s stock traded hands. This is down from average of 1.64 million shares. Ashmore Group PLC has a 52 week low of GBX 193.50 and a 52 week high of GBX 335. The company has a market cap of 1.98 billion GBX and a P/E ratio of 19.44.
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The post Equity Research Analysts at JP Morgan Cazenove Kept the Same their Underweight rating for Ashmore Group PLC (LON:ASHM). The Target Price Given is GBX 185.00 appeared first on Octafinance.