UK's Ashmore rises after Jefferies upgrades to 'buy'

Ashmore

24/02/2026 08:21

** British asset manager Ashmore Group ASHM.L rises 4.1% at 248.6p

** Jefferies raises price target to 285p from 170p; upgrades stock to "Buy" from "Hold"

** After a prolonged period of uncertainty around emerging markets debt flows, we now see clearer evidence that Ashmore is positioned at an early stage of multi‑quarter recovery - Jefferies

** 2 of the 8 analysts covering the stock have a "Buy" or higher rating, 2 have "Hold", while 4 rate it at "Sell" or lower; median PT is 180p - data compiled by LSEG

** As of last close, the stock had risen 35.3% year-to-date

(Reporting by Sri Hari N S in Bengaluru)

((Srihari.ns@thomsonreuters.com))