Aberdeen Asset Management plc Price Target Cut to GBX 485 (ADN)
Investment analysts at RBC Capital cut their price objective on shares of Aberdeen Asset Management plc (LON:ADN) from GBX 550 ($9.04) to GBX 485 ($7.97) in a note issued to investors on Thursday, AmericanBankingNews.com reports. The firm currently has an “outperform” rating on the stock. RBC Capital’s price objective indicates a potential upside of 19.10% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Berenberg Bank cut their price target on shares of Aberdeen Asset Management plc from GBX 555 ($9.12) to GBX 530 ($8.71) in a research note to investors on Friday, January 31st. They now have a “buy” rating on the stock. Separately, analysts at Espirito Santo Investment Bank Research cut their price target on shares of Aberdeen Asset Management plc from GBX 573 ($9.42) to GBX 514 ($8.45) in a research note to investors on Monday, January 27th. They now have a “buy” rating on the stock. Finally, 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 ($9.04) price target on the stock. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and fifteen have given a buy rating to the company’s stock. Aberdeen Asset Management plc presently has an average rating of “Buy” and a consensus target price of GBX 491.32 ($8.07).
Shares of Aberdeen Asset Management plc (LON:ADN) traded up 1.37% during mid-day trading on Thursday, hitting GBX 407.21. The stock had a trading volume of 10,168,247 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 has a 50-day moving average of GBX 448. and a 200-day moving average of GBX 420.1. The company’s market cap is £4.677 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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