ASHMORE GROUP (OTCMKTS:AJMPF) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday.

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 started coverage on ASHMORE GROUP in a research note on Thursday, June 15th. They set a “buy” rating for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. ASHMORE GROUP has a consensus rating of “Hold” and an average price target of $5.00.

ASHMORE GROUP (OTCMKTS AJMPF) opened at 4.68 on Wednesday. The firm has a market cap of $3.13 billion and a P/E ratio of 14.27. ASHMORE GROUP has a one year low of $3.35 and a one year high of $4.87. The stock’s 50 day moving average is $4.63 and its 200 day moving average is $4.52.

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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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