Ashmore Group plc 15% Potential Upside Indicated by Goldman Sachs

Broker Ratings
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Ashmore Group plc with EPIC/TICKER (LON:ASHM) had its stock rating noted as ‘Initiates/Starts’ with the recommendation being set at ‘BUY’ this morning by analysts at Goldman Sachs. Ashmore Group plc are listed in the Financials sector within UK Main Market. Goldman Sachs have set their target price at 540 GBX on its stock. This would imply the analyst believes there is now a potential upside of 15.0% from the opening price of 469.4 GBX. Over the last 30 and 90 trading days the company share price has increased 19.4 points and increased 51.6 points respectively. The 52 week high for the share price is currently at 491.4 GBX while the year low stock price is currently 334.6 GBX.

Ashmore Group plc has a 50 day moving average of 463.47 GBX and the 200 Day Moving Average price is recorded at 399.33. There are currently 712,740,804 shares in issue with the average daily volume traded being 1,096,792. Market capitalisation for LON:ASHM is £3,395,497,146 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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