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Ashmore Group plc 11.1% Potential Decrease Indicated by Shore Capital

Ashmore Group plc using EPIC/TICKER code (LON:ASHM) had its stock rating noted as ‘Downgrades’ with the recommendation being set at ‘SELL’ today by analysts at Shore Capital. Ashmore Group plc are listed in the Financials sector within UK Main Market. Shore Capital have set a target price of 450 GBX on its stock. This indicates the analyst believes there is a potential downside of -11.1% from the opening price of 506 GBX. Over the last 30 and 90 trading days the company share price has increased 15.6 points and increased 51 points respectively. The 1 year high for the stock price is 532 GBX while the year low share price is currently 334.6 GBX.

Ashmore Group plc has a 50 day moving average of 488.64 GBX and the 200 Day Moving Average price is recorded at 419.67. There are currently 712,740,804 shares in issue with the average daily volume traded being 1,158,096. Market capitalisation for LON:ASHM is £3,649,232,916 GBP.