Aberdeen Asset Management plc Rating Lowered to Hold at Societe Generale (ADN)
Aberdeen Asset Management plc (LON:ADN) was downgraded by analysts at Societe Generale to a “hold” rating in a research report issued to clients and investors on Tuesday. They currently have a GBX 465 ($7.90) price target on the stock. Societe Generale’s price target would indicate a potential upside of 7.96% from the stock’s previous close.
ADN has been the subject of a number of other recent research reports. Analysts at Canaccord Genuity reiterated a “hold” rating on shares of Aberdeen Asset Management plc in a research note on Tuesday. They now have a GBX 460 ($7.81) price target on the stock. Separately, analysts at Jefferies Group reiterated an “underperform” rating on shares of Aberdeen Asset Management plc in a research note on Tuesday. They now have a GBX 350 ($5.94) 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 Monday. They now have a GBX 455 ($7.73) price target on the stock. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company’s stock. Aberdeen Asset Management plc currently has an average rating of “Hold” and an average price target of GBX 472.29 ($8.02).
Aberdeen Asset Management plc (LON:ADN) traded down 0.99% during mid-day trading on Tuesday, hitting GBX 430.70. The stock had a trading volume of 5,010,870 shares. 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 449.3 and its 200-day moving average is GBX 424.8. The company’s market cap is £4.935 billion.
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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