Zacks Investment Research upgraded shares of Ashmore Group (OTCMKTS:AJMPF) from a hold rating to a buy rating in a report released on Monday. Zacks Investment Research currently has $5.00 price target on the financial services provider’s stock.

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. “

Several other equities analysts have also recently commented on the stock. BNP Paribas upgraded shares of Ashmore Group from an underperform rating to a neutral rating in a research note on Friday, September 8th. Berenberg Bank began coverage on shares of Ashmore Group in a research note on Thursday, June 15th. They set a buy rating for the company. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $5.00.

Ashmore Group (OTCMKTS AJMPF) opened at 4.60 on Monday. The firm’s 50-day moving average is $4.68 and its 200 day moving average is $4.56. The firm has a market capitalization of $3.08 billion and a price-to-earnings ratio of 15.03. Ashmore Group has a one year low of $3.35 and a one year 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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