Zacks Investment Research upgraded shares of Ashmore Group (OTCMKTS:AJMPF) from a hold rating to a buy rating in a report issued on Wednesday. The brokerage currently has $6.25 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. “
Separately, JPMorgan Chase raised shares of Ashmore Group from an underweight rating to a neutral rating in a report on Wednesday, December 13th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. Ashmore Group presently has an average rating of Hold and an average target price of $6.25.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Ashmore Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ashmore Group and related companies with MarketBeat.com's FREE daily email newsletter.