Macquarie Reaffirms “Neutral” Rating for Aberdeen Asset Management plc (ADN)
Aberdeen Asset Management plc (LON:ADN)‘s stock had its “neutral” rating reissued by equities researchers at Macquarie in a research report issued to clients and investors on Monday. They presently have a GBX 271 ($3.50) price target on the stock. Macquarie’s price target points to a potential downside of 8.10% from the company’s current price.
Several other equities analysts have also issued reports on ADN. BNP Paribas reaffirmed an “underperform” rating and set a GBX 240 ($3.10) price objective on shares of Aberdeen Asset Management plc in a report on Tuesday, January 10th. JPMorgan Chase & Co. dropped their price objective on Aberdeen Asset Management plc from GBX 320 ($4.13) to GBX 270 ($3.49) and set a “neutral” rating on the stock in a report on Tuesday, January 17th. Goldman Sachs Group Inc raised their price objective on Aberdeen Asset Management plc from GBX 235 ($3.03) to GBX 245 ($3.16) and gave the stock a “sell” rating in a report on Tuesday, January 24th. Morgan Stanley dropped their price objective on Aberdeen Asset Management plc from GBX 273 ($3.52) to GBX 267 ($3.45) and set an “underweight” rating on the stock in a report on Thursday, January 26th. Finally, Liberum Capital reaffirmed a “hold” rating and set a GBX 261 ($3.37) price objective on shares of Aberdeen Asset Management plc in a report on Friday, January 27th. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of GBX 281.67 ($3.64).
Aberdeen Asset Management plc (LON:ADN) opened at 294.30 on Monday. Aberdeen Asset Management plc has a 12-month low of GBX 212.50 and a 12-month high of GBX 354.40. The firm has a 50-day moving average price of GBX 274.58 and a 200-day moving average price of GBX 276.97.
The business also recently declared a dividend, which will be paid on Thursday, June 15th. Investors of record on Thursday, May 11th will be issued a dividend of GBX 7.50 ($0.10) per share. This represents a dividend yield of 2.58%. The ex-dividend date is Thursday, May 11th.
Aberdeen Asset Management plc Company Profile
Aberdeen Asset Management PLC is a United Kingdom-based asset manager. The Company operates through asset management for reporting and control purposes. The Company is managed as a single asset management business, with multiple investment strategies of equities, fixed income and property, complemented by a solutions business, which provides multi asset, alternatives and quantitative investment capabilities.
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.