Ashmore Group (AJMPF) Rating Lowered to Hold at Zacks Investment Research

Ashmore Group (OTCMKTS:AJMPF) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and 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 upgraded shares of Ashmore Group from an “underweight” rating to a “neutral” rating in a research note on Wednesday, December 13th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. Ashmore Group has an average rating of “Hold” and an average target price of $6.25.

AJMPF opened at $5.62 on Wednesday. Ashmore Group has a twelve month low of $4.26 and a twelve month high of $6.28.

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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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