Aberdeen Asset Management plc PT Lowered to GBX 530 (ADN)
Stock analysts at Berenberg Bank cut their price objective on shares of Aberdeen Asset Management plc (LON:ADN) from GBX 555 ($9.14) to GBX 530 ($8.73) in a report issued on Friday, American Banking and Market News reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price target indicates a potential upside of 35.62% from the stock’s previous close.
Shares of Aberdeen Asset Management plc (LON:ADN) traded down 2.71% on Friday, hitting GBX 390.80. The stock had a trading volume of 5,976,154 shares. 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 453.3 and its 200-day moving average is GBX 420.. The company’s market cap is £4.488 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Espirito Santo Investment Bank Research cut their price target on shares of Aberdeen Asset Management plc from GBX 573 ($9.44) to GBX 514 ($8.47) in a research note to investors on Monday, January 27th. They now have a “buy” rating on the stock. Separately, analysts at BNP Paribas reiterated an “outperform” rating on shares of Aberdeen Asset Management plc in a research note to investors on Friday, January 24th. They now have a GBX 550 ($9.06) price target on the stock. Finally, analysts at Morgan Stanley downgraded shares of Aberdeen Asset Management plc to an “underweight” rating in a research note to investors on Friday, January 24th. They now have a GBX 393 ($6.48) price target on the stock, down previously from GBX 492 ($8.11). Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and fifteen have given a buy rating to the stock. Aberdeen Asset Management plc presently has a consensus rating of “Buy” and a consensus price target of GBX 547.22 ($9.02).
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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