Aberdeen Asset Management plc Rating Reiterated by Credit Suisse (ADN)
Aberdeen Asset Management plc (LON:ADN)‘s stock had its “neutral” rating reaffirmed by stock analysts at Credit Suisse in a report issued on Wednesday. They currently have a GBX 440 ($7.47) price target on the stock. Credit Suisse’s target price would suggest a potential upside of 4.49% from the company’s current price.
A number of other analysts have also recently weighed in on ADN. Analysts at Berenberg Bank cut their price target on shares of Aberdeen Asset Management plc from GBX 530 ($9.00) to GBX 510 ($8.66) in a research note on Tuesday. They now have a “buy” rating on the stock. Separately, analysts at Societe Generale downgraded shares of Aberdeen Asset Management plc to a “hold” rating in a research note on Tuesday. They now have a GBX 465 ($7.90) price target on the stock. Finally, 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. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the stock. Aberdeen Asset Management plc currently has a consensus rating of “Hold” and a consensus target price of GBX 472.29 ($8.02).
Aberdeen Asset Management plc (LON:ADN) traded down 2.23% during mid-day trading on Wednesday, hitting GBX 421.10. 4,125,588 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 448.4 and its 200-day moving average is GBX 424.5. The company’s market cap is £4.825 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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