Ashmore Group (AJMPF) Lowered to Sell at Zacks Investment Research

Zacks Investment Research cut shares of Ashmore Group (OTCMKTS:AJMPF) from a hold rating to a sell rating in a report released on Thursday.

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. “

Other research analysts have also recently issued reports about the company. Numis Securities cut Ashmore Group from a hold rating to a reduce rating in a report on Monday, September 25th. JPMorgan Chase & Co. upgraded Ashmore Group from an underweight rating to a neutral rating in a report on Wednesday, December 13th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. Ashmore Group has an average rating of Hold and a consensus price target of $5.00.

Ashmore Group (OTCMKTS AJMPF) traded up $0.33 on Thursday, reaching $5.83. The company had a trading volume of 31,000 shares, compared to its average volume of 10,966. Ashmore Group has a 12-month low of $3.35 and a 12-month high of $5.83.

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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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