Ashmore Group (AJMPF) Lifted to Hold at Zacks Investment Research

Ashmore Group (OTCMKTS:AJMPF) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors 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, JPMorgan Chase & Co. raised shares of Ashmore Group from an “underweight” rating to a “neutral” rating in a research report on Wednesday, December 13th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $5.00.

Ashmore Group (OTCMKTS:AJMPF) traded down $0.70 during midday trading on Wednesday, hitting $5.35. 5,600 shares of the stock traded hands, compared to its average volume of 8,500. Ashmore Group has a 12-month low of $4.07 and a 12-month high of $6.28.

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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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