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Ashmore Group PLC (LON:ASHM) target price lowered to 380.00GBX, reported today by Berenberg

Ashmore Group PLC (LON:ASHM) had its target price lowered to 380.00GBX by Berenberg in a report released 09/14/2017. The new target price indicates steady performance relative to the company's last stock close price.

Previously on Wednesday September 13, 2017, Societe Generale reported about Ashmore Group PLC (LON:ASHM) lowered the target price from 370.00GBX to 365.00GBX. At the time, this indicated a possible upside of 0%.

Yesterday Ashmore Group PLC (LON:ASHM) traded -0.18% lower at 0.00GBX. The company’s 50-day moving average is 359.38GBX and its 200-day moving average is 355.28GBX. The last stock close price is down -4.47% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time. 82,766 shares of the stock were exchanged, down from an average trading volume of 969,718

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Ashmore Group PLC (LON:ASHM)

Ashmore Group PLC has a 52 week low of 269.00GBX and a 52 week high of 379.70GBX with a P/E ratio of 13.31 The company’s market cap is currently 0 GBX.

In addition to Berenberg reporting its target price, a total of 16 firms have reported on the stock. The consensus target price is 274.00GBX with 1 firm rating the stock a strong buy, 0 firms rating the stock a buy, 9 firms rating the stock a hold, 7 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

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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