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Ashmore Group PLC (LON:ASHM) stock price target reduced to 285.00GBX, issued a report today by Numis

Yesterday Ashmore Group PLC (LON:ASHM) traded 0.27% higher at 292.90GBX. The company’s 50-day moving average is 337.22GBX and its 200-day moving average is 327.44GBX. The last closing price is down -9.79% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time period. 689,380 shares of the stock traded hands, down from an average trading volume of 1,447,520

In a report released on 11/23/2016 Numis reduced the stock price target of Ashmore Group PLC (LON:ASHM) from 315.00GBX to 285.00GBX indicating a possible downside of -0.03%.

Previously on 11/21/2016, Exane BNP Paribas reported on Ashmore Group PLC (LON:ASHM) held steady the target price at 300.00GBX. At the time, this indicated a possible upside of 0.03%.

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Ashmore Group PLC (LON:ASHM)

Ashmore Group PLC has a 52 week low of 193.50GBX and a 52 week high of 378.50GBX with a P/E ratio of 16.32 The company’s market cap is currently 0 GBX.

In addition to Numis reporting its stock price target, a total of 16 brokers have issued a report on the company. The average stock price target is 274.00GBX with 1 broker rating the stock a strong buy, 0 brokers rating the stock a buy, 9 brokers rating the stock a hold, 7 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information About Ashmore Group PLC (LON:ASHM)

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. The external debt theme invests in debt instruments issued by sovereigns (governments) and quasi-sovereigns (government-sponsored). The local currency theme invests in local currency-denominated instruments issued by sovereign, quasi-sovereign and corporate issuers. The corporate debt theme invests in debt instruments issued by public and private sector companies. The Company's products are available in a range of fund structures, covering the liquidity spectrum from daily-dealing pooled funds through to multi-year locked-up partnerships.

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