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

Zacks Investment Research cut shares of Ashmore Group (OTCMKTS:AJMPF) from a buy rating to a hold rating in a research note released on Tuesday morning.

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. “

Several other research firms also recently weighed in on AJMPF. J P Morgan Chase & Co upgraded shares of Ashmore Group from an underweight rating to a neutral rating in a research report on Wednesday, December 13th. BNP Paribas upgraded shares of Ashmore Group from an underperform rating to a neutral rating in a research report on Friday, September 8th. Finally, Numis Securities downgraded shares of Ashmore Group from a hold rating to a reduce rating in a research report on Monday, September 25th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. Ashmore Group has an average rating of Hold and an average price target of $5.00.

Ashmore Group (AJMPF) opened at $5.27 on Tuesday. Ashmore Group has a 52-week low of $3.35 and a 52-week high of $5.36.

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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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