Ashmore Group (OTCMKTS:AJMPF) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Monday. The brokerage currently has a $5.00 price objective on the financial services provider’s stock. Zacks Investment Research‘s price target would suggest a potential upside of 4.17% from the company’s current price.

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. “

AJMPF has been the subject of several other research reports. BNP Paribas upgraded Ashmore Group from an “underperform” rating to a “neutral” rating in a report on Friday, September 8th. Berenberg Bank assumed coverage on Ashmore Group in a report on Thursday, June 15th. They issued a “buy” rating for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $5.00.

Shares of Ashmore Group (OTCMKTS AJMPF) traded up 6.43% during trading on Monday, reaching $4.80. The company’s stock had a trading volume of 10,547 shares. The stock has a market cap of $3.21 billion and a price-to-earnings ratio of 15.69. The stock’s 50 day moving average price is $4.68 and its 200-day moving average price is $4.55. Ashmore Group has a 52-week low of $3.35 and a 52-week high of $4.87.

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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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