Zacks Investment Research lowered shares of Ashmore Group (OTCMKTS:AJMPF) from a buy rating to a hold rating in a report published 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 equities analysts have also recently commented on AJMPF. J P Morgan Chase & Co raised Ashmore Group from an underweight rating to a neutral rating in a report on Wednesday, December 13th. Numis Securities cut Ashmore Group from a hold rating to a reduce rating in a report on Monday, September 25th. Finally, BNP Paribas raised Ashmore Group from an underperform rating to a neutral rating in a report on Friday, September 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of Hold and an average price target of $5.00.
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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