Aberdeen Asset Management plc Receives New Coverage from Analysts at Liberum Capital (ADN)
Research analysts at Liberum Capital initiated coverage on shares of Aberdeen Asset Management plc (LON:ADN) in a report released on Thursday. The firm set a “buy” rating and a GBX 555 ($9.30) price target on the stock. Liberum Capital’s price target would indicate a potential upside of 26.22% from the company’s current price.
A number of other firms have also recently commented on ADN. Analysts at Macquarie upgraded shares of Aberdeen Asset Management plc to an “outperform” rating in a research note on Thursday, May 22nd. They now have a GBX 471 ($7.90) price target on the stock. Separately, analysts at Barclays reiterated an “overweight” rating on shares of Aberdeen Asset Management plc in a research note on Tuesday, May 20th. They now have a GBX 490 ($8.21) price target on the stock. Finally, analysts at Numis Securities Ltd reiterated a “hold” rating on shares of Aberdeen Asset Management plc in a research note on Friday, May 16th. They now have a GBX 455 ($7.63) price target on the stock. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of GBX 470.17 ($7.88).
Shares of Aberdeen Asset Management plc (LON:ADN) traded up 1.44% during mid-day trading on Thursday, hitting GBX 446.02. 3,324,691 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 437.3 and its 200-day moving average is GBX 432.3. The company’s market cap is £5.111 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.
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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