Ashmore Group (AJMPF) Receives Consensus Rating of “Hold” from Brokerages
Shares of Ashmore Group (OTCMKTS:AJMPF) have been assigned a consensus rating of “Hold” from the seven analysts that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $5.00.
A number of research firms have issued reports on AJMPF. Zacks Investment Research raised Ashmore Group from a “sell” rating to a “hold” rating in a research report on Wednesday, August 30th. BNP Paribas upgraded Ashmore Group from an “underperform” rating to a “neutral” rating in a research note on Friday, September 8th. Numis Securities Ltd downgraded Ashmore Group from a “hold” rating to a “reduce” rating in a report on Monday, September 25th. Finally, Berenberg Bank initiated coverage on Ashmore Group in a report on Thursday, June 15th. They set a “buy” rating on the stock.
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Shares of Ashmore Group (OTCMKTS:AJMPF) opened at 4.58 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 one year low of $3.35 and a one year high of $4.87. The stock has a market capitalization of $3.06 billion and a price-to-earnings ratio of 14.63.
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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