Ashmore Group plc 11.7% Potential Decrease Indicated by JP Morgan Cazenove

Broker Ratings
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Ashmore Group plc with EPIC/TICKER (LON:ASHM) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘UNDERWEIGHT’ today by analysts at JP Morgan Cazenove. Ashmore Group plc are listed in the Financials sector within UK Main Market. JP Morgan Cazenove have set their target price at 370 GBX on its stock. This indicates the analyst believes there is a potential downside of -11.7% from the opening price of 419.2 GBX. Over the last 30 and 90 trading days the company share price has decreased 7.8 points and increased 89.2 points respectively. The 1 year high for the share price is 581.5 GBX while the 52 week low is 281.8 GBX.

Ashmore Group plc has a 50 day moving average of 424.59 GBX and a 200 Day Moving Average share price is recorded at 460.46. There are currently 712,740,804 shares in issue with the average daily volume traded being 1,396,715. Market capitalisation for LON:ASHM is £2,937,917,681 GBP.

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    Ashmore Group plc reports a $2.4 billion decrease in assets under management for the quarter ended 30 June 2024, driven by net outflows and investment performance.
    Ashmore Group plc (LON:ASHM) announces assets under management update for the quarter ended 31 March 2024, showing a decrease of US$2.1 billion.

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