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Aberdeen Asset Management plc (LON:ADN) was downgraded by research analysts at Jefferies Group to an “underperform” rating in a report released on Thursday, American Banking News.com reports. They currently have a GBX 350 ($5.74) price objective on the stock, down from their previous price objective of GBX 430 ($7.05). Jefferies Group’s price target suggests a potential downside of 12.81% from the stock’s previous close.

Aberdeen Asset Management plc (LON:ADN) traded down 1.67% on Thursday, hitting GBX 401.40. 5,246,444 shares of the company’s stock traded hands. Aberdeen Asset Management plc has a 1-year low of GBX 342.60 and a 1-year high of GBX 500.00. The stock’s 50-day moving average is GBX 438.3 and its 200-day moving average is GBX 420.3. The company’s market cap is £4.610 billion.

ADN has been the subject of a number of other recent research reports. Analysts at Numis Securities Ltd reiterated a “hold” rating on shares of Aberdeen Asset Management plc in a research note on Thursday, February 6th. They now have a GBX 425 ($6.97) price target on the stock. Separately, analysts at RBC Capital cut their price target on shares of Aberdeen Asset Management plc from GBX 550 ($9.02) to GBX 485 ($7.96) in a research note on Thursday, February 6th. They now have an “outperform” rating on the stock. Finally, analysts at Berenberg Bank cut their price target on shares of Aberdeen Asset Management plc from GBX 555 ($9.11) to GBX 530 ($8.70) in a research note on Friday, January 31st. They now have a “buy” rating on the stock. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and fifteen have assigned a buy rating to the stock. Aberdeen Asset Management plc has an average rating of “Buy” and a consensus price target of GBX 484.74 ($7.95).

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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