Aberdeen Asset Management plc’s (ADN) “Hold” Rating Reaffirmed at Numis Securities Ltd
Aberdeen Asset Management plc (LON:ADN)‘s stock had its “hold” rating restated by investment analysts at Numis Securities Ltd in a research note issued on Wednesday. They presently have a GBX 300 ($3.92) target price on the stock. Numis Securities Ltd’s price target indicates a potential downside of 11.87% from the company’s current price.
Several other brokerages also recently commented on ADN. Citigroup Inc. reaffirmed a “sell” rating on shares of Aberdeen Asset Management plc in a research report on Friday, September 30th. Goldman Sachs Group Inc. reaffirmed a “sell” rating and issued a GBX 300 ($3.92) price target (down from GBX 340 ($4.44)) on shares of Aberdeen Asset Management plc in a research report on Tuesday, September 27th. Barclays PLC reaffirmed an “underweight” rating and issued a GBX 270 ($3.52) price target on shares of Aberdeen Asset Management plc in a research report on Thursday, September 15th. JPMorgan Chase & Co. lifted their price target on Aberdeen Asset Management plc from GBX 270 ($3.52) to GBX 320 ($4.18) and gave the stock a “neutral” rating in a research report on Tuesday, September 13th. Finally, Beaufort Securities reaffirmed a “buy” rating on shares of Aberdeen Asset Management plc in a research report on Tuesday, September 13th. Seven 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. The company has a consensus rating of “Hold” and an average target price of GBX 281.21 ($3.67).
Shares of Aberdeen Asset Management plc (LON:ADN) traded up 0.77% during midday trading on Wednesday, reaching GBX 340.40. The company’s stock had a trading volume of 3,949,072 shares. Aberdeen Asset Management plc has a 52-week low of GBX 208.50 and a 52-week high of GBX 376.60. The stock has a 50 day moving average price of GBX 329.45 and a 200-day moving average price of GBX 298.48. The company’s market capitalization is GBX 4.37 billion.
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In other Aberdeen Asset Management plc news, insider Julie Chakraverty acquired 3,042 shares of Aberdeen Asset Management plc stock in a transaction on Monday, September 26th. The shares were bought at an average price 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 the business’s stock in a transaction on Thursday, September 15th. The stock was sold at an average price of GBX 325 ($4.24), for a total value 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.
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