Ashmore Group (AJMPF) Given Average Rating of “Hold” by Analysts
Shares of Ashmore Group (OTCMKTS:AJMPF) have been assigned a consensus recommendation of “Hold” from the six brokerages that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have issued a buy recommendation on the company.
A number of equities research analysts have commented on AJMPF shares. Zacks Investment Research cut Ashmore Group from a “buy” rating to a “hold” rating in a research note on Thursday, May 25th. Berenberg Bank assumed coverage on Ashmore Group in a research report on Thursday, June 15th. They set a “buy” rating on the stock. Finally, BNP Paribas raised Ashmore Group from an “underperform” rating to a “neutral” rating in a research report on Friday.
Ashmore Group (OTCMKTS:AJMPF) traded up 3.63% during midday trading on Friday, reaching $4.85. The company’s stock had a trading volume of 5,009 shares. The firm has a 50 day moving average of $4.67 and a 200 day moving average of $4.54. Ashmore Group has a 52-week low of $3.35 and a 52-week high of $4.87. The firm has a market cap of $3.24 billion and a P/E ratio of 14.79.
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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