Aberdeen Asset Management plc Given “Outperform” Rating at BNP Paribas (ADN)
Aberdeen Asset Management plc (LON:ADN)‘s stock had its “outperform” rating reiterated by analysts at BNP Paribas in a research report issued to clients and investors on Friday, Analyst Ratings.Net reports. They currently have a GBX 550 ($9.03) price objective on the stock. BNP Paribas’ target price suggests a potential upside of 38.43% from the stock’s previous close.
Aberdeen Asset Management plc (LON:ADN) traded down 5.72% during mid-day trading on Friday, hitting GBX 397.30. 13,932,094 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 has a 50-day moving average of GBX 462.7 and a 200-day moving average of GBX 420.4. The company’s market cap is £4.563 billion.
A number of other firms have also recently commented on ADN. Analysts at Morgan Stanley downgraded shares of Aberdeen Asset Management plc to an “underweight” rating in a research note to investors on Friday. They now have a GBX 393 ($6.45) price target on the stock, down previously from GBX 492 ($8.08). Separately, analysts at Credit Suisse cut their price target on shares of Aberdeen Asset Management plc from GBX 515 ($8.45) to GBX 470 ($7.72) in a research note to investors on Monday. They now have a “neutral” rating on the stock. Finally, analysts at UBS AG cut their price target on shares of Aberdeen Asset Management plc from GBX 540 ($8.86) to GBX 520 ($8.54) in a research note to investors on Friday, January 17th. They now have a “buy” rating on the stock. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and fifteen have assigned a buy rating to the stock. Aberdeen Asset Management plc currently has an average rating of “Buy” and an average target price of GBX 548.83 ($9.01).
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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