Ashmore Group (AJMPF) Given Average Recommendation of “Hold” by Brokerages
Ashmore Group (OTCMKTS:AJMPF) has earned an average recommendation of “Hold” from the six research firms that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $5.00.
AJMPF has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of Ashmore Group from a “sell” rating to a “hold” rating in a research note on Wednesday, August 23rd. BNP Paribas upgraded shares of Ashmore Group from an “underperform” rating to a “neutral” rating in a research note on Friday, September 8th. Numis Securities downgraded shares of Ashmore Group from a “hold” rating to a “reduce” rating in a research note on Monday, September 25th. Finally, J P Morgan Chase & Co upgraded shares of Ashmore Group from an “underweight” rating to a “neutral” rating in a research note on Wednesday.
Shares of Ashmore Group (OTCMKTS:AJMPF) remained flat at $$5.29 during midday trading on Wednesday. The company’s stock had a trading volume of 177 shares, compared to its average volume of 1,108. Ashmore Group has a 52 week low of $3.35 and a 52 week high of $5.29.
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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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