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) has 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 a target price of 365 GBX on its stock. This would indicate that the analyst believes there is a downside of -11.7% from today’s opening price of 413.2 GBX. Over the last 30 and 90 trading days the company share price has increased 36.6 points and increased 74.4 points respectively. The 1 year high for the stock price is 581.5 GBX while the year low share price is currently 281.8 GBX.

Ashmore Group plc has a 50 day moving average of 395.00 GBX and a 200 Day Moving Average share price is recorded at 466.36. There are currently 712,740,804 shares in issue with the average daily volume traded being 1,655,016. Market capitalisation for LON:ASHM is £3,017,744,520 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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