Ashmore Group (OTCMKTS:AJMPF) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Thursday.

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. “

AJMPF has been the topic of several other research reports. JPMorgan Chase & Co. raised Ashmore Group from an “underweight” rating to a “neutral” rating in a research note on Wednesday, December 13th. Numis Securities cut Ashmore Group from a “hold” rating to a “reduce” rating in a research note on Monday, September 25th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $5.00.

Ashmore Group (AJMPF) opened at $5.83 on Thursday. Ashmore Group has a 52 week low of $3.35 and a 52 week high of $5.83.

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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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