Zacks Investment Research upgraded shares of ASHMORE GROUP (OTCMKTS:AJMPF) from a sell rating to a hold rating in a research 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. “

Separately, Berenberg Bank initiated coverage on ASHMORE GROUP in a research note on Thursday, June 15th. They issued a buy rating for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. ASHMORE GROUP has an average rating of Hold and an average target price of $5.00.

Shares of ASHMORE GROUP (OTCMKTS AJMPF) opened at 4.85 on Thursday. The company has a market cap of $3.24 billion and a price-to-earnings ratio of 14.79. ASHMORE GROUP has a 1-year low of $3.35 and a 1-year high of $4.87. The company’s 50-day moving average price is $4.68 and its 200 day moving average price is $4.54.

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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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