Aberdeen Asset Management plc (ADN) Receives Average Rating of “Hold” from Analysts
Shares of Aberdeen Asset Management plc (LON:ADN) have received an average recommendation of “Hold” from the eighteen analysts that are covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is GBX 292.81 ($3.78).
A number of equities research analysts have recently commented on the company. Macquarie restated a “neutral” rating and set a GBX 271 ($3.50) target price on shares of Aberdeen Asset Management plc in a research report on Friday, August 11th. BNP Paribas restated a “neutral” rating and set a GBX 300 ($3.87) target price on shares of Aberdeen Asset Management plc in a research report on Tuesday, July 18th. Jefferies Group LLC raised their target price on Aberdeen Asset Management plc from GBX 287 ($3.71) to GBX 302 ($3.90) and gave the company a “hold” rating in a research report on Tuesday, July 11th. Barclays PLC raised their target price on Aberdeen Asset Management plc from GBX 260 ($3.36) to GBX 285 ($3.68) and gave the company an “underweight” rating in a research report on Thursday, July 20th. Finally, Morgan Stanley upgraded Aberdeen Asset Management plc to an “equal weight” rating and raised their target price for the company from GBX 260 ($3.36) to GBX 332 ($4.29) in a research report on Wednesday, June 7th.
Shares of Aberdeen Asset Management plc (ADN) traded down 1.37% during trading on Friday, hitting GBX 317.60. The stock had a trading volume of 29,986,706 shares. The firm has a 50 day moving average price of GBX 316.68 and a 200 day moving average price of GBX 288.48. Aberdeen Asset Management plc has a 12-month low of GBX 244.40 and a 12-month 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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