Can Ashmore Group plc’s Tomorrow be Different? The Stock Declines Again

 Can Ashmore Group plc's Tomorrow be Different? The Stock Declines Again

The stock of Ashmore Group plc (LON:ASHM) is a huge mover today! The stock decreased 2.96% or GBX 8.43 on November 29, hitting GBX 276.27. About 3.22M shares traded hands or 106.41% up from the average. Ashmore Group plc (LON:ASHM) has declined 7.29% since May 2, 2016 and is downtrending. It has underperformed by 12.55% the S&P500.
The move comes after 6 months negative chart setup for the GBX 1.95 billion company. It was reported on Nov, 29 by We have GBX 259.69 PT which if reached, will make LON:ASHM worth GBX 117.00 million less.

Ashmore Group plc (LON:ASHM) Ratings Coverage

Out of 17 analysts covering Ashmore Group PLC (LON:ASHM), 1 rate it a “Buy”, 8 “Sell”, while 8 “Hold”. This means 6% are positive. Ashmore Group PLC has been the topic of 123 analyst reports since July 29, 2015 according to StockzIntelligence Inc. As per Monday, December 7, the company rating was maintained by Peel Hunt. The firm has “Hold” rating by Peel Hunt given on Tuesday, April 19. Liberum Capital maintained it with “Hold” rating and GBX 251 target price in Tuesday, September 8 report. On Friday, February 12 the stock rating was maintained by BNP Paribas with “Neutral”. The firm earned “Neutral” rating on Tuesday, July 12 by Macquarie Research. On Wednesday, February 10 the stock rating was maintained by Societe Generale with “Buy”. Societe Generale maintained Ashmore Group plc (LON:ASHM) on Friday, January 15 with “Buy” rating. The rating was maintained by Liberum Capital with “Hold” on Thursday, January 14. The rating was maintained by Liberum Capital on Tuesday, April 19 with “Hold”. The stock of Ashmore Group plc (LON:ASHM) has “Underweight” rating given on Tuesday, September 13 by JP Morgan.

Another recent and important Ashmore Group plc (LON:ASHM) news was published by which published an article titled: “Ashmore Shares Fall as Profit Drops on Emerging-Market Woes” on September 06, 2016.

Ashmore Group plc is a United Kingdom company, which operates as a specialist emerging markets asset manager. The company has a market cap of 1.95 billion GBP. The Firm offers a range of investment themes, such as external debt, local currency, corporate debt, blended debt, equities, alternatives, multi-strategy and overlay/liquidity. It has a 15.25 P/E ratio. The Company’s geographical divisions include United Kingdom, United States and Others.

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