Ashmore Group (OTC:AJMPF) was upgraded by analysts at BNP Paribas from an “underperform” rating to a “neutral” rating in a note issued to investors on Friday, reports.

Separately, Berenberg Bank initiated coverage on shares of Ashmore Group in a report on Thursday, June 15th. They issued a “buy” rating on the stock.

Shares of Ashmore Group (AJMPF) traded up 3.63% during midday trading on Friday, hitting $4.85. The company’s stock had a trading volume of 5,009 shares. Ashmore Group has a 52-week low of $3.35 and a 52-week high of $4.87. The stock’s 50 day moving average is $4.67 and its 200-day moving average is $4.54. The firm has a market cap of $3.24 billion and a P/E ratio of 14.79.

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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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