Aberdeen Asset Management plc Price Target Cut to GBX 514 by Analysts at Espirito Santo Investment Bank Research (ADN)
Analysts at Espirito Santo Investment Bank Research lowered their price objective on shares of Aberdeen Asset Management plc (LON:ADN) from GBX 573 ($9.44) to GBX 514 ($8.47) in a research report issued to clients and investors on Monday, Stock Ratings Network reports. The firm currently has a “buy” rating on the stock. Espirito Santo Investment Bank Research’s price objective suggests a potential upside of 31.36% from the company’s current price.
ADN has been the subject of a number of other recent research reports. Analysts at BNP Paribas reiterated an “outperform” rating on shares of Aberdeen Asset Management plc in a research note to investors on Friday. They now have a GBX 550 ($9.06) price target on the stock. Separately, 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 ($6.48) price target on the stock, down previously from GBX 492 ($8.11). Finally, analysts at Credit Suisse cut their price target on shares of Aberdeen Asset Management plc from GBX 515 ($8.49) to GBX 470 ($7.74) in a research note to investors on Monday, January 20th. They now have a “neutral” rating on the stock. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and fifteen have assigned a buy rating to the company. Aberdeen Asset Management plc presently has a consensus rating of “Buy” and a consensus price target of GBX 545.56 ($8.99).
Aberdeen Asset Management plc (LON:ADN) traded down 1.51% during mid-day trading on Monday, hitting GBX 391.30. 5,200,371 shares of the company’s stock traded hands. Aberdeen Asset Management plc has a one year low of GBX 342.60 and a one year high of GBX 500.00. The stock’s 50-day moving average is GBX 460.6 and its 200-day moving average is GBX 420.8. The company’s market cap is £4.494 billion.
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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