Equities research analysts at Berenberg Bank assumed coverage on shares of Ashmore Group (OTCMKTS:AJMPF) in a research report issued to clients and investors on Thursday. The brokerage set a “buy” rating on the financial services provider’s stock.

Separately, Zacks Investment Research raised shares of Ashmore Group from a “hold” rating to a “buy” rating and set a $5.00 price target for the company in a research note on Tuesday, April 11th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. Ashmore Group currently has a consensus rating of “Hold” and a consensus price target of $5.00.

Analyst Recommendations for Ashmore Group (OTCMKTS:AJMPF)

Ashmore Group (OTCMKTS AJMPF) remained flat at $4.49 during mid-day trading on Thursday. The firm has a 50 day moving average of $4.57 and a 200 day moving average of $4.13. Ashmore Group has a 52-week low of $3.34 and a 52-week high of $4.87. The firm has a market capitalization of $3.00 billion and a price-to-earnings ratio of 13.73.

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