ASHMORE GROUP (AJMPF) Upgraded to “Hold” at Zacks Investment Research

ASHMORE GROUP (OTCMKTS:AJMPF) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday, September 7th.

According to Zacks, “Ashmore Group plc is an emerging market investment manager. It invests in the public equity and fixed income markets. Ashmore Group plc is based in London, United Kingdom. “

Separately, Berenberg Bank began coverage on shares of ASHMORE GROUP in a report on Thursday, June 15th. They issued a “buy” rating for the company. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $5.00.

Shares of ASHMORE GROUP (OTCMKTS:AJMPF) opened at 4.51 on Thursday. The firm’s 50-day moving average price is $4.68 and its 200 day moving average price is $4.55. The stock has a market capitalization of $3.02 billion and a P/E ratio of 14.74. ASHMORE GROUP has a 52 week low of $3.35 and a 52 week high of $4.87.

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ASHMORE GROUP Company Profile

Ashmore Group plc is a publicly owned investment manager. The firm primarily provides its services to retail and institutional clients. It manages separate client-focused equity and fixed income portfolios. The firm also launches and manages equity and fixed income mutual funds for its clients. It invests in the public equity and fixed income markets in emerging markets across the globe.

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