Ashmore Group plc (ASHM) Upgraded to “Add” by Peel Hunt

Peel Hunt upgraded shares of Ashmore Group plc (LON:ASHM) to an add rating in a research note issued to investors on Monday. Peel Hunt currently has GBX 400 ($5.10) price target on the investment management service provider’s stock, up from their previous price target of GBX 330 ($4.20).

ASHM has been the topic of a number of other reports. J P Morgan Chase & Co boosted their price target on shares of Ashmore Group plc from GBX 305 ($3.89) to GBX 320 ($4.08) and gave the stock an underweight rating in a report on Thursday, March 9th. Macquarie reissued a neutral rating and issued a GBX 344 ($4.38) price target on shares of Ashmore Group plc in a report on Tuesday, May 2nd. BNP Paribas reissued an underperform rating and issued a GBX 290 ($3.69) price target on shares of Ashmore Group plc in a report on Monday, March 27th. Shore Capital reissued a hold rating on shares of Ashmore Group plc in a report on Tuesday, April 18th. Finally, Liberum Capital reissued a hold rating and issued a GBX 338 ($4.31) price target on shares of Ashmore Group plc in a report on Tuesday, April 18th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the stock. Ashmore Group plc presently has an average rating of Hold and a consensus target price of GBX 338.40 ($4.31).

Ashmore Group plc (ASHM) traded up 0.14% during mid-day trading on Monday, hitting GBX 358.90. 251,560 shares of the stock were exchanged. The stock’s 50-day moving average is GBX 354.13 and its 200 day moving average is GBX 332.86. Ashmore Group plc has a 52 week low of GBX 240.00 and a 52 week high of GBX 379.70. The company’s market capitalization is GBX 2.40 billion.

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In other news, insider Tom Shippey sold 9,079 shares of the stock in a transaction dated Tuesday, April 18th. The shares were sold at an average price of GBX 366 ($4.66), for a total value of £33,229.14 ($42,335.51).

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.

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