Aberdeen Asset Management plc Receives Hold Rating from Numis Securities Ltd (ADN)
Aberdeen Asset Management plc (LON:ADN)‘s stock had its “hold” rating restated by Numis Securities Ltd in a research note issued on Friday, American Banking and Market News reports. They currently have a GBX 455 ($7.66) price objective on the stock. Numis Securities Ltd’s target price would indicate a potential upside of 9.24% from the stock’s previous close.
Shares of Aberdeen Asset Management plc (LON:ADN) opened at 407.00 on Friday. 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 430.5 and its 200-day moving average is GBX 432.. The company’s market cap is £4.664 billion.
The company also recently declared a dividend, which is scheduled for Thursday, June 19th. Investors of record on Wednesday, May 14th will be given a dividend of GBX 6.75 ($0.11) per share. This represents a yield of 1.55%. The ex-dividend date of this dividend is Wednesday, May 14th.
Other equities research analysts have also recently issued reports about the stock. Analysts at Berenberg Bank reiterated a “buy” rating on shares of Aberdeen Asset Management plc in a research note on Friday. They now have a GBX 530 ($8.93) price target on the stock. Separately, analysts at Espirito Santo Investment Bank Research raised their price target on shares of Aberdeen Asset Management plc from GBX 514 ($8.66) to GBX 550 ($9.26) in a research note on Tuesday. They now have a “buy” rating on the stock. Finally, analysts at Goldman Sachs reiterated a “buy” rating on shares of Aberdeen Asset Management plc in a research note on Monday. They now have a GBX 540 ($9.10) price target on the stock. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company’s stock. Aberdeen Asset Management plc currently has a consensus rating of “Hold” and a consensus target price of GBX 465.06 ($7.83).
Aberdeen Asset Management PLC is a global asset management company investing across the four main asset classes of equity, fixed income, property and alternative investment strategies.
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