Goldman Sachs Lowers Aberdeen Asset Management plc Price Target to GBX 540 (ADN)
Investment analysts at Goldman Sachs reduced their target price on shares of Aberdeen Asset Management plc (LON:ADN) from GBX 600 ($10.06) to GBX 540 ($9.05) in a note issued to investors on Monday, AnalystRatingsNetwork reports. The firm currently has a “buy” rating on the stock. Goldman Sachs’ target price points to a potential upside of 34.53% from the stock’s previous close.
Aberdeen Asset Management plc (LON:ADN) opened at 397.40 on Monday. 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 438.3 and a 200-day moving average of GBX 420.3. The company’s market cap is £4.564 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group downgraded shares of Aberdeen Asset Management plc to an “underperform” rating in a research note on Thursday. They now have a GBX 350 ($5.87) price target on the stock, down previously from GBX 430 ($7.21). Separately, 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 ($7.12) price target on the stock. Finally, analysts at RBC Capital cut their price target on shares of Aberdeen Asset Management plc from GBX 550 ($9.22) to GBX 485 ($8.13) in a research note on Thursday, February 6th. They now have an “outperform” rating on the stock. Three research 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. The company has a consensus rating of “Buy” and an average target price of GBX 481.58 ($8.07).
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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