Macquarie Reiterates Neutral Rating for Aberdeen Asset Management plc (ADN)
Aberdeen Asset Management plc (LON:ADN)‘s stock had its “neutral” rating reaffirmed by analysts at Macquarie in a research report issued to clients and investors on Thursday, Stock Ratings Network reports. They currently have a GBX 424 ($6.80) price objective on the stock. Macquarie’s price objective would indicate a potential upside of 13.70% from the company’s current price.
Shares of Aberdeen Asset Management plc (LON:ADN) traded up 2.82% during mid-day trading on Thursday, hitting GBX 383.40. 2,411,742 shares of the company’s stock traded hands. Aberdeen Asset Management plc has a 52 week low of GBX 317.80 and a 52 week high of GBX 492.20. The stock has a 50-day moving average of GBX 373.8 and a 200-day moving average of GBX 410.2. The company’s market cap is £4.360 billion.
ADN has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase & Co. cut their price target on shares of Aberdeen Asset Management plc from GBX 523 ($8.39) to GBX 509 ($8.17) in a research note to investors on Friday, October 4th. They now have an “overweight” rating on the stock. Separately, analysts at Numis Securities Ltd reiterated a “buy” rating on shares of Aberdeen Asset Management plc in a research note to investors on Wednesday, October 2nd. They now have a GBX 465 ($7.46) price target on the stock. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of Aberdeen Asset Management plc in a research note to investors on Thursday, September 26th. They now have a GBX 465 ($7.46) price target on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating and seventeen have issued a buy rating to the company. Aberdeen Asset Management plc presently has an average rating of “Buy” and a consensus target price of GBX 476.26 ($7.64).
Aberdeen Asset Management PLC is an international asset management company investing across the four main asset classes of equity, fixed income, property and alternative investment strategies.
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