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).

Analyst Recommendations for Aberdeen Asset Management plc (LON:ADN)

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.

WARNING: This news story was first posted by American Banking News and is the property of of American Banking News. If you are accessing this news story on another domain, it was copied illegally and reposted in violation of US & international trademark & copyright laws. The legal version of this news story can be viewed at https://www.americanbankingnews.com/2017/05/08/macquarie-reaffirms-neutral-rating-for-aberdeen-asset-management-plc-adn.html.

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.