Aberdeen Asset Management plc Receives “Buy” Rating from Goldman Sachs (ADN)
Aberdeen Asset Management plc (LON:ADN)‘s stock had its “buy” rating reiterated by equities research analysts at Goldman Sachs in a research note issued to investors on Monday, American Banking and Market News reports. They currently have a GBX 540 ($9.10) target price on the stock. Goldman Sachs’ price objective would indicate a potential upside of 29.31% from the stock’s previous close.
Aberdeen Asset Management plc (LON:ADN) traded up 0.26% during mid-day trading on Monday, hitting GBX 417.60. 3,475,620 shares of the company’s stock traded hands. 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 431.3 and its 200-day moving average is GBX 431.. The company’s market cap is £4.785 billion.
The company also recently announced a dividend, which is scheduled for Thursday, June 19th. Investors of record on Wednesday, May 14th will be paid a dividend of GBX 6.75 ($0.11) per share. This represents a dividend yield of 1.55%. The ex-dividend date is Wednesday, May 14th.
ADN has been the subject of a number of other recent research reports. Analysts at HSBC reiterated a “neutral” rating on shares of Aberdeen Asset Management plc in a research note on Thursday, May 8th. They now have a GBX 460 ($7.75) price target on the stock. Separately, analysts at Canaccord Genuity downgraded shares of Aberdeen Asset Management plc to a “hold” rating in a research note on Tuesday, May 6th. They now have a GBX 460 ($7.75) price target on the stock. Finally, analysts at Societe Generale reiterated a “buy” rating on shares of Aberdeen Asset Management plc in a research note on Friday, May 2nd. They now have a GBX 465 ($7.83) price target on the stock. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average 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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