Shares of ASHMORE GROUP (OTCMKTS:AJMPF) have earned an average rating of “Hold” from the seven ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $5.00.
A number of equities analysts have commented on AJMPF shares. Berenberg Bank started coverage on shares of ASHMORE GROUP in a research note on Thursday, June 15th. They set a “buy” rating on the stock. Zacks Investment Research downgraded shares of ASHMORE GROUP from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. BNP Paribas raised shares of ASHMORE GROUP from an “underperform” rating to a “neutral” rating in a research note on Friday, September 8th. Finally, Numis Securities Ltd downgraded shares of ASHMORE GROUP from a “hold” rating to a “reduce” rating in a research note on Monday, September 25th.
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Shares of ASHMORE GROUP (AJMPF) remained flat at $4.57 during mid-day trading on Tuesday. The firm’s 50 day moving average is $4.65 and its 200 day moving average is $4.57. ASHMORE GROUP has a 12 month low of $3.35 and a 12 month high of $4.87. The stock has a market cap of $3.06 billion and a price-to-earnings ratio of 14.60.
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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