Ashmore Group (OTC:AJMPF) – Jefferies Group boosted their FY2020 earnings per share (EPS) estimates for Ashmore Group in a report released on Thursday. Jefferies Group analyst P. Dobbin now anticipates that the company will earn $0.29 per share for the year, up from their previous forecast of $0.21.

Several other research firms have also recently issued reports on AJMPF. Berenberg Bank started coverage on Ashmore Group in a research note on Thursday, June 15th. They issued a “buy” rating on the stock. BNP Paribas raised Ashmore Group from an “underperform” rating to a “neutral” rating in a research note on Friday, September 8th.

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Shares of Ashmore Group (AJMPF) remained flat at $4.51 on Friday. The company has a market cap of $3.02 billion and a price-to-earnings ratio of 14.74. Ashmore Group has a 12 month low of $3.35 and a 12 month high of $4.87. The firm’s 50-day moving average price is $4.68 and its 200 day moving average price is $4.55.

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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