Aberdeen Asset Management plc (ADN) Lowered to Underperform at Macquarie
Aberdeen Asset Management plc (LON:ADN) was downgraded by stock analysts at Macquarie to an “underperform” rating in a report released on Monday. They presently have a GBX 250 ($3.09) price objective on the stock. Macquarie’s price objective indicates a potential downside of 23.15% from the stock’s current price.
Several other brokerages also recently weighed in on ADN. Royal Bank Of Canada downgraded Aberdeen Asset Management plc to an “underperform” rating and boosted their target price for the stock from GBX 305 ($3.77) to GBX 320 ($3.96) in a research note on Thursday, October 6th. Numis Securities Ltd restated a “hold” rating and set a GBX 300 ($3.71) target price on shares of Aberdeen Asset Management plc in a research note on Wednesday, October 5th. BNP Paribas boosted their target price on Aberdeen Asset Management plc from GBX 235 ($2.91) to GBX 260 ($3.22) and gave the stock an “underperform” rating in a research note on Tuesday, October 11th. Liberum Capital boosted their target price on Aberdeen Asset Management plc from GBX 243 ($3.01) to GBX 323 ($4.00) and gave the stock a “hold” rating in a research note on Friday, October 7th. Finally, Citigroup Inc. restated a “sell” rating on shares of Aberdeen Asset Management plc in a research note on Friday, September 30th. Seven research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of GBX 283.36 ($3.51).
Shares of Aberdeen Asset Management plc (LON:ADN) opened at 323.60 on Monday. The company’s market cap is GBX 4.16 billion. The company’s 50-day moving average price is GBX 330.36 and its 200 day moving average price is GBX 300.64. Aberdeen Asset Management plc has a 52 week low of GBX 208.50 and a 52 week high of GBX 376.60.
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In other Aberdeen Asset Management plc news, insider Julie Chakraverty purchased 3,042 shares of Aberdeen Asset Management plc stock in a transaction that occurred on Monday, September 26th. The stock was bought at an average price of GBX 326 ($4.03) per share, with a total value of £9,916.92 ($12,273.42). Also, insider Gilbert,Martin J sold 1,631,343 shares of the company’s stock in a transaction dated 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).
About Aberdeen Asset Management plc
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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