Aberdeen Asset Management plc (ADN) Price Target Increased to GBX 260 by Analysts at BNP Paribas
Aberdeen Asset Management plc (LON:ADN) had its price target boosted by stock analysts at BNP Paribas from GBX 235 ($2.91) to GBX 260 ($3.22) in a report issued on Tuesday. The firm presently has an “underperform” rating on the stock. BNP Paribas’ target price suggests a potential downside of 23.71% from the company’s previous close.
Several other equities analysts have also recently issued reports on the company. Macquarie reiterated an “underperform” rating and issued a GBX 250 ($3.09) price objective on shares of Aberdeen Asset Management plc in a research note on Friday. Liberum Capital lifted their price objective on Aberdeen Asset Management plc from GBX 243 ($3.01) to GBX 323 ($4.00) and gave the company a “hold” rating in a research note on Friday. Royal Bank Of Canada cut Aberdeen Asset Management plc to an “underperform” rating and lifted their price objective for the company from GBX 305 ($3.77) to GBX 320 ($3.96) in a research note on Thursday, October 6th. Numis Securities Ltd reiterated a “hold” rating and issued a GBX 300 ($3.71) price objective on shares of Aberdeen Asset Management plc in a research note on Wednesday, October 5th. Finally, Citigroup Inc. reiterated a “sell” rating on shares of Aberdeen Asset Management plc in a research note on Friday, September 30th. Seven investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 283.36 ($3.51).
Shares of Aberdeen Asset Management plc (LON:ADN) opened at 342.80 on Tuesday. The stock’s market cap is GBX 4.40 billion. Aberdeen Asset Management plc has a 52-week low of GBX 208.50 and a 52-week high of GBX 376.60. The firm has a 50-day moving average price of GBX 330.00 and a 200 day moving average price of GBX 299.42.
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In other news, insider Gilbert,Martin J sold 1,631,343 shares of the business’s stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of GBX 325 ($4.02), for a total value of £5,301,864.75 ($6,561,713.80). Also, insider Julie Chakraverty bought 3,042 shares of the company’s stock in a transaction dated Monday, September 26th. The stock was bought at an average cost of GBX 326 ($4.03) per share, for a total transaction of £9,916.92 ($12,273.42).
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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