Ashmore Group (OTCMKTS:AJMPF) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released 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 initiated coverage on shares of Ashmore Group in a research report on Thursday, June 15th. They set a “buy” rating for the company. Three research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. Ashmore Group currently has a consensus rating of “Hold” and an average price target of $5.00.

Ashmore Group (OTCMKTS AJMPF) traded up 0.0000% during mid-day trading on Wednesday, reaching $4.4099. The firm has a market capitalization of $3.12 billion and a P/E ratio of 13.2828. The company’s 50-day moving average is $4.58 and its 200 day moving average is $4.22. Ashmore Group has a one year low of $3.35 and a one year high of $4.87.

COPYRIGHT VIOLATION WARNING: “Zacks Investment Research Lowers Ashmore Group (AJMPF) to Sell” was originally published by American Banking News and is the property of of American Banking News. If you are reading this news story on another publication, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this news story can be accessed at

Get a free copy of the Zacks research report on Ashmore Group (AJMPF)

For more information about research offerings from Zacks Investment Research, visit

Analyst Recommendations for Ashmore Group (OTCMKTS:AJMPF)

Receive News & Ratings for Ashmore Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ashmore Group and related companies with's FREE daily email newsletter.