Broker Cavendish maintains a 'sell' rating on Ashmore Group, citing that its shares already price in a strong recovery in client flows and assets under management. Despite raising management fee assumptions and forecasting a 35% rise in adjusted earnings per share for 2027, Cavendish cut EBITDA forecasts by about 10% due to higher variable remuneration costs. Ashmore's reported profit before tax rose 17% in 2026, helped by a 104% increase in seed capital income, but underlying profitability was weaker. The broker's target price of 171p suggests a 21% downside from the current share price of 217.8p, indicating limited upside potential for investors.
Ashmore shares and broker Cavendish's outlook provide context for financial markets. For readers following the Financials sector, here is Pluang's market snapshot as of Sep 24, 2026 19:17 WIB: out of 85 priced US Financials stocks, 33 rose and 47 fell. Marathon Digital Holdings Inc (MARA) traded at USD 13.10 with a 1-day change of -1.87%, TeraWulf Inc (WULF) at USD 16.07 with -1.68%, and American International Group Inc (AIG) at USD 74.49 with -1.44%.
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