Aberdeen Asset Management plc (ADN) Now Covered by Berenberg Bank
Berenberg Bank assumed coverage on shares of Aberdeen Asset Management plc (LON:ADN) in a note issued to investors on Thursday, Marketbeat reports. The firm set a “hold” rating and a GBX 290 ($3.67) price target on the stock. Berenberg Bank’s price target points to a potential upside of 1.61% from the stock’s current price.
Several other equities analysts also recently issued reports on ADN. Morgan Stanley raised shares of Aberdeen Asset Management plc to an “equal weight” rating and increased their price objective for the company from GBX 260 ($3.29) to GBX 332 ($4.20) in a report on Wednesday, June 7th. Peel Hunt reaffirmed a “hold” rating and set a GBX 280 ($3.54) price objective on shares of Aberdeen Asset Management plc in a report on Tuesday, May 2nd. Jefferies Group LLC raised shares of Aberdeen Asset Management plc to a “hold” rating and increased their price objective for the company from GBX 221 ($2.80) to GBX 287 ($3.63) in a report on Monday, March 6th. Citigroup Inc. raised shares of Aberdeen Asset Management plc to a “neutral” rating and set a GBX 280 ($3.54) price objective on the stock in a report on Monday, March 6th. Finally, Shore Capital reaffirmed a “sell” rating on shares of Aberdeen Asset Management plc in a report on Monday, March 6th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of GBX 286.25 ($3.62).
Aberdeen Asset Management plc (LON:ADN) traded down 1.31% on Thursday, hitting GBX 285.40. 9,952,047 shares of the company were exchanged. The firm’s 50 day moving average is GBX 290.85 and its 200 day moving average is GBX 273.91. The company’s market capitalization is GBX 3.67 billion. Aberdeen Asset Management plc has a 52 week low of GBX 212.50 and a 52 week high of GBX 354.40.
The firm also recently disclosed a dividend, which was paid on Thursday, June 15th. Stockholders of record on Thursday, May 11th were paid a GBX 7.50 ($0.09) dividend. This represents a dividend yield of 2.58%. The ex-dividend date was Thursday, May 11th.
TRADEMARK VIOLATION WARNING: “Aberdeen Asset Management plc (ADN) Now Covered by Berenberg Bank” was originally reported by American Banking News and is owned by of American Banking News. If you are viewing this article on another publication, it was stolen and republished in violation of US and international trademark and copyright laws. The correct version of this article can be viewed at https://www.americanbankingnews.com/2017/06/17/aberdeen-asset-management-plc-adn-now-covered-by-berenberg-bank.html.
About Aberdeen Asset Management plc
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.