Aberdeen Asset Management plc (ADN) Receives Average Recommendation of “Hold” from Analysts
Aberdeen Asset Management plc (LON:ADN) has earned a consensus recommendation of “Hold” from the eighteen brokerages that are presently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is GBX 292.81 ($3.80).
Several brokerages have weighed in on ADN. Numis Securities Ltd downgraded shares of Aberdeen Asset Management plc to an “add” rating and lifted their price objective for the stock from GBX 332 ($4.31) to GBX 338 ($4.39) in a research note on Thursday, May 4th. Berenberg Bank began coverage on shares of Aberdeen Asset Management plc in a report on Thursday, June 15th. They set a “hold” rating and a GBX 290 ($3.76) target price for the company. Macquarie reissued a “neutral” rating and set a GBX 271 ($3.52) target price on shares of Aberdeen Asset Management plc in a report on Monday, May 8th. BNP Paribas reissued a “neutral” rating and set a GBX 300 ($3.89) target price on shares of Aberdeen Asset Management plc in a report on Tuesday, July 18th. Finally, Peel Hunt reissued a “hold” rating and set a GBX 280 ($3.63) target price on shares of Aberdeen Asset Management plc in a report on Tuesday, May 2nd.
Shares of Aberdeen Asset Management plc (ADN) traded down 1.37% during trading on Tuesday, reaching GBX 317.60. The company’s stock had a trading volume of 29,986,706 shares. The stock has a 50-day moving average of GBX 316.68 and a 200-day moving average of GBX 288.48. The stock’s market cap is GBX 4.08 billion. Aberdeen Asset Management plc has a 52-week low of GBX 244.40 and a 52-week high of GBX 354.40.
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.
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