Brokers Offer Predictions for Ashmore Group’s FY2018 Earnings (AJMPF)

Ashmore Group (OTCMKTS:AJMPF) – Jefferies Group dropped their FY2018 earnings per share estimates for Ashmore Group in a research report issued to clients and investors on Monday. Jefferies Group analyst P. Dobbin now anticipates that the financial services provider will post earnings of $0.24 per share for the year, down from their previous estimate of $0.26. Jefferies Group also issued estimates for Ashmore Group’s FY2019 earnings at $0.27 EPS and FY2020 earnings at $0.30 EPS.

Several other research firms have also commented on AJMPF. Zacks Investment Research lowered shares of Ashmore Group from a “hold” rating to a “sell” rating in a research report on Thursday. JPMorgan Chase & Co. raised shares of Ashmore Group from an “underweight” rating to a “neutral” rating in a research report on Wednesday, December 13th. Finally, Numis Securities lowered shares of Ashmore Group from a “hold” rating to a “reduce” rating in a research report on Monday, September 25th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $5.00.

Ashmore Group (OTCMKTS AJMPF) traded up $0.33 during mid-day trading on Thursday, hitting $5.83. 30,976 shares of the stock traded hands, compared to its average volume of 13,808. Ashmore Group has a 1 year low of $3.35 and a 1 year high of $5.56.

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Ashmore Group Company Profile

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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