# Ashmore Group plc -10.9% potential downside indicated by Citigroup

- Link: https://www.directorstalkinterviews.com/ashmore-group-plc-10.9-potential-downside-indicated-by-citigroup/4121127456
- Published: 2023-09-19T14:16:56+01:00
- Author: Charlotte Edwards

**Ashmore Group plc** with ticker (LON:ASHM) now has a potential downside of -10.9%
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 191 GBX at opening today(
19/09/2023) indicates a potential downside of -10.9%. Trading has ranged between
178 (52 week low) and 286 (52 week high) with an average of 520,931 shares exchanging
hands daily. The market capitalisation at the time of writing is £1,384,855,201.
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.

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