Ashmore Group plc -8.6% potential downside indicated by Citigroup

Ashmore Group plc with ticker (LON:ASHM) now has a potential downside of -8.6% according to Citigroup.



Citigroup set a target price of 170 GBX for the company, which when compared to the Ashmore Group plc share price of 186 GBX at opening today (29/09/2023) indicates a potential downside of -8.6%. Trading has ranged between 178 (52 week low) and 286 (52 week high) with an average of 546,130 shares exchanging hands daily. The market capitalisation at the time of writing is £1,340,665,488.

Ashmore Group plc is a United Kingdom-based company, which operates as a specialist emerging markets investment manager. The Company provide access to investment grade strategies across the four fixed income investment themes of external debt, local currency, corporate debt and blended debt, and manages portfolios in both mutual fund and segregated account structures. Its other investment themes include equities, alternatives, multi-strategy and overlay/liquidity. Its alternative’s theme covers a diverse range of real assets in private equity, healthcare, infrastructure, special situations, distressed debt and real estate opportunities. It has a control over about 14 investment funds. The Company’s subsidiaries include Ashmore Investments (UK) Limited, Ashmore Investment Management Limited, Ashmore Investment Advisors Limited, Ashmore Investment Management (US) Corporation, Ashmore Investment Advisors (US) Corporation and Ashmore Investments Saudi Arabia, among others.