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Ashmore Group plc 13.2% Potential Upside Indicated by Morgan Stanley

Ashmore Group plc using EPIC/TICKER code (LON:ASHM) had its stock rating noted as ‘Upgrades’ with the recommendation being set at ‘OVERWEIGHT’ today by analysts at Morgan Stanley. Ashmore Group plc are listed in the Financials sector within UK Main Market. Morgan Stanley have set a target price of 564 GBX on its stock. This would imply the analyst believes there is now a potential upside of 13.2% from today’s opening price of 498.4 GBX. Over the last 30 and 90 trading days the company share price has increased 45.4 points and decreased 11.1 points respectively. The 1 year high for the stock price is 545.5 GBX while the year low stock price is currently 337.8 GBX.

Ashmore Group plc has a 50 day moving average of 495.11 GBX and a 200 day moving average of 458.07. There are currently 712,740,804 shares in issue with the average daily volume traded being 2,459,454. Market capitalisation for LON:ASHM is £3,577,958,836 GBP.