Goldman Sachs Group Inc. Upgrades Aberdeen Asset Management plc to “Buy” (ADN)
Aberdeen Asset Management plc (LON:ADN) was upgraded by Goldman Sachs Group Inc. to a “buy” rating in a research note issued on Monday, Analyst Ratings.Net reports. The firm currently has a GBX 600 ($9.89) target price on the stock, up from their previous target price of GBX 465 ($7.66). Goldman Sachs Group Inc.’s price target would indicate a potential upside of 30.46% from the stock’s previous close.
Shares of Aberdeen Asset Management plc (LON:ADN) traded up 0.99% on Monday, hitting GBX 459.90. 3,650,065 shares of the company’s stock traded hands. Aberdeen Asset Management plc has a 52 week low of GBX 342.60 and a 52 week high of GBX 500.00. The stock’s 50-day moving average is GBX 474.8 and its 200-day moving average is GBX 417.9. The company’s market cap is £5.282 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at BNP Paribas reiterated an “outperform” rating on shares of Aberdeen Asset Management plc in a research note to investors on Monday. They now have a GBX 550 ($9.06) price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Aberdeen Asset Management plc in a research note to investors on Friday. They now have a GBX 544 ($8.97) price target on the stock. Finally, analysts at Canaccord Genuity raised their price target on shares of Aberdeen Asset Management plc from GBX 520 ($8.57) to GBX 586 ($9.66) in a research note to investors on Tuesday, January 7th. They now have a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and sixteen have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of GBX 550.25 ($9.07).
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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