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Home / Momentum / Ashmore PLC (ASHM.L) 06-02-20

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Ashmore PLC (ASHM.L) 06-02-20

Will shares in Ashmore PLC (ASHM.L) continue to new highs?

 

  • The share price performance has been very strong, now trading at 577p (at time of writing).
  • Will we see an end to the trend, or is the momentum set to continue?
  • Could this be the ideal opportunity for those seeking a momentum play?
  • Whilst the trend has been relentless, remember that strong past performance may not always continue.
  • Technical traders should be mindful of new events, which can influence price action. Check our website and news outlets for updates.
  • Shares –1% from 12-month highs; +45% from 12 month lows.

Latest News

07:34:  Ashmore, the asset manager,  posted increased profits as net assets grew on inflows and good investment performances.

24 Jan:  Citigroup today initiates coverage of Ashmore Group (ASHM) with a neutral rating and target price of 560p.

23 Jan:  Goldman Sachs reiterates its buy rating on Ashmore Group (ASHM) and increased the target price to 560p (from 550p).

23 Jan:  JP Morgan Cazenove reiterates its neutral rating on Ashmore Group (ASHM) and increased the target price to 530p (from 510p).

16 Jan:  Credit Suisse reiterates its underperform rating on Ashmore Group (ASHM) and increased the target price to 480p (from 440p).

16 Jan:  UBS reiterates its neutral rating on Ashmore Group (ASHM) and increased the target price to 527p (from 480p).

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

 

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