Aberdeen Asset Management plc’s “Underperform” Rating Reaffirmed at Jefferies Group (ADN)
Aberdeen Asset Management plc (LON:ADN)‘s stock had its “underperform” rating restated by analysts at Jefferies Group in a research report issued to clients and investors on Tuesday. They currently have a GBX 350 ($5.94) price target on the stock. Jefferies Group’s price objective would suggest a potential downside of 18.74% from the company’s current price.
A number of other firms have also recently commented on ADN. 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. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Aberdeen Asset Management plc in a research note on Monday. They now have a GBX 520 ($8.83) price target on the stock. Finally, analysts at Espirito Santo Investment Bank Research reiterated a “buy” rating on shares of Aberdeen Asset Management plc in a research note on Tuesday, July 22nd. They now have a GBX 550 ($9.34) price target on the stock. Three 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 company has a consensus rating of “Hold” and a consensus 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. 5,010,870 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 has a 50-day moving average of GBX 449.3 and a 200-day moving average of 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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