Ashmore Group plc’s (ASHM) “Reduce” Rating Reiterated at Numis Securities Ltd

Ashmore Group plc (LON:ASHM)‘s stock had its “reduce” rating reaffirmed by equities research analysts at Numis Securities Ltd in a research report issued to clients and investors on Friday. They presently have a GBX 295 ($3.88) price objective on the investment management service provider’s stock. Numis Securities Ltd’s price objective points to a potential downside of 16.48% from the company’s previous close.

Several other equities research analysts have also recently weighed in on ASHM. Peel Hunt reissued an “add” rating and issued a GBX 400 ($5.26) price target on shares of Ashmore Group plc in a research note on Friday. Shore Capital reissued a “hold” rating on shares of Ashmore Group plc in a research note on Tuesday, August 15th. Morgan Stanley cut their target price on Ashmore Group plc from GBX 385 ($5.06) to GBX 346 ($4.55) and set an “equal weight” rating on the stock in a research report on Monday, September 18th. J P Morgan Chase & Co restated an “underweight” rating and set a GBX 310 ($4.08) target price on shares of Ashmore Group plc in a research report on Thursday, September 21st. Finally, Liberum Capital cut their target price on Ashmore Group plc from GBX 338 ($4.44) to GBX 333 ($4.38) and set a “hold” rating on the stock in a research report on Friday, July 7th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of GBX 353.56 ($4.65).

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In other news, insider Tom Shippey sold 92,785 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of GBX 341 ($4.48), for a total value of £316,396.85 ($415,983.24).

Ashmore Group plc Company Profile

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.

Analyst Recommendations for Ashmore Group plc (LON:ASHM)

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