Ashmore Group plc -17.6% potential downside indicated by Berenberg Bank

Ashmore Group plc with ticker (LON:ASHM) now has a potential downside of -17.6% according to Berenberg Bank.



Berenberg Bank set a target price of 300 GBX for the company, which when compared to the Ashmore Group plc share price of 353 GBX at opening today (27/10/2021) indicates a potential downside of -17.6%. Trading has ranged between 316 (52 week low) and 493 (52 week high) with an average of 1,820,594 shares exchanging hands daily. The market capitalisation at the time of writing is £2,467,508,736.

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.