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Barclays Reaffirms Their Sell Rating on Ashmore Group PLC (ASHM)

Tipranks - Tipranks - Sat Apr 18, 1:28AM CDT

In a report released today, Michael Sanderson from Barclays maintained a Sell rating on Ashmore Group PLC, with a price target of £1.75.

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Sanderson covers the Financial sector, focusing on stocks such as London Stock Exchange, Ashmore Group PLC, and 3i Group plc. According to TipRanks, Sanderson has an average return of 1.8% and a 51.53% success rate on recommended stocks.

The word on The Street in general, suggests a Hold analyst consensus rating for Ashmore Group PLC with a p218.25 average price target.

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Based on Ashmore Group PLC’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of p79.6 million and a net profit of p69.4 million. In comparison, last year the company earned a revenue of p77.5 million and had a net profit of p37.1 million

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