Aberdeen Asset Management plc (ADN) Rating Reiterated by Macquarie
Aberdeen Asset Management plc (LON:ADN)‘s stock had its “underperform” rating reaffirmed by equities research analysts at Macquarie in a report released on Friday. They presently have a GBX 250 ($3.26) price objective on the stock. Macquarie’s target price indicates a potential downside of 25.99% from the stock’s current price.
ADN has been the topic of several other reports. JPMorgan Chase & Co. decreased their price target on shares of Aberdeen Asset Management plc from GBX 275 ($3.59) to GBX 235 ($3.07) and set a “neutral” rating on the stock in a research report on Wednesday, June 29th. Peel Hunt downgraded shares of Aberdeen Asset Management plc to a “hold” rating and set a GBX 330 ($4.31) price objective on the stock. in a research report on Monday, July 25th. Shore Capital restated a “sell” rating on shares of Aberdeen Asset Management plc in a research report on Monday, July 25th. Beaufort Securities restated a “buy” rating on shares of Aberdeen Asset Management plc in a research report on Tuesday, September 13th. Finally, Goldman Sachs Group Inc. restated a “neutral” rating and set a GBX 270 ($3.52) price objective on shares of Aberdeen Asset Management plc in a research report on Monday, July 4th. Six research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of GBX 281.21 ($3.67).
Aberdeen Asset Management plc (LON:ADN) traded up 0.77% during mid-day trading on Friday, reaching GBX 340.40. 3,949,072 shares of the company’s stock traded hands. The stock’s market capitalization is GBX 4.37 billion. The stock has a 50-day moving average price of GBX 329.45 and a 200-day moving average price of GBX 298.48. Aberdeen Asset Management plc has a 12-month low of GBX 208.50 and a 12-month high of GBX 376.60.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/07/aberdeen-asset-management-plc-adn-given-underperform-rating-at-macquarie.html
In other Aberdeen Asset Management plc news, insider Julie Chakraverty acquired 3,042 shares of the company’s stock in a transaction on Monday, September 26th. The stock was acquired at an average cost of GBX 326 ($4.26) per share, with a total value of £9,916.92 ($12,944.68). Also, insider Gilbert,Martin J sold 1,631,343 shares of Aberdeen Asset Management plc stock in a transaction on Thursday, September 15th. The stock was sold at an average price of GBX 325 ($4.24), for a total transaction of £5,301,864.75 ($6,920,590.98).
Aberdeen Asset Management plc Company Profile
Aberdeen Asset Management PLC is a United Kingdom-based global asset management company engaged in the active management of financial assets. It manages assets for both institutional and retail clients. The Company’s institutional clients include pension funds, corporates, sovereign wealth funds, government agencies and insurance companies.
Receive News & Ratings for Aberdeen Asset Management plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aberdeen Asset Management plc and related companies with MarketBeat.com's FREE daily email newsletter.