Ashmore Group (OTCMKTS:AJMPF) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Monday. The brokerage presently has a $5.00 price target on the financial services provider’s stock. Zacks Investment Research‘s price target would suggest a potential upside of 4.17% from the stock’s current price.
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. “
AJMPF has been the subject of a number of other reports. Berenberg Bank started coverage on shares of Ashmore Group in a research report on Thursday, June 15th. They set a “buy” rating for the company. BNP Paribas upgraded shares of Ashmore Group from an “underperform” rating to a “neutral” rating in a research report on Friday, September 8th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $5.00.
Ashmore Group (OTCMKTS AJMPF) traded up 6.43% during trading on Monday, hitting $4.80. The stock had a trading volume of 10,547 shares. Ashmore Group has a 12 month low of $3.35 and a 12 month high of $4.87. The firm has a 50 day moving average of $4.68 and a 200-day moving average of $4.55. The stock has a market cap of $3.21 billion and a price-to-earnings ratio of 15.69.
About Ashmore Group
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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