Goldman Sachs Group Inc. reissued their sell rating on shares of Aberdeen Asset Management plc (LON:ADN) in a report released on Tuesday. Goldman Sachs Group Inc. currently has a GBX 300 ($3.92) price target on the stock, down from their previous price target of GBX 340 ($4.44).
A number of other equities analysts have also recently weighed in on the stock. Barclays PLC restated an underweight rating and set a GBX 270 ($3.52) price objective on shares of Aberdeen Asset Management plc in a research report on Thursday, September 15th. Beaufort Securities restated a buy rating on shares of Aberdeen Asset Management plc in a research report on Tuesday, September 13th. JPMorgan Chase & Co. upped their price objective on shares of Aberdeen Asset Management plc from GBX 270 ($3.52) to GBX 320 ($4.18) and gave the stock a neutral rating in a research report on Tuesday, September 13th. Numis Securities Ltd reiterated a hold rating and issued a GBX 300 ($3.92) target price on shares of Aberdeen Asset Management plc in a research report on Friday, September 2nd. Finally, BNP Paribas reiterated an underperform rating and issued a GBX 230 ($3.00) target price on shares of Aberdeen Asset Management plc in a research report on Tuesday, July 26th. Five investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the stock. Aberdeen Asset Management plc has an average rating of Hold and a consensus target price of GBX 276.23 ($3.61).
Shares of Aberdeen Asset Management plc (LON:ADN) opened at 326.31781 on Tuesday. The company’s 50-day moving average is GBX 327.33 and its 200-day moving average is GBX 296.45. The company’s market cap is GBX 4.19 billion. Aberdeen Asset Management plc has a one year low of GBX 208.50 and a one year high of GBX 376.60.
In other news, insider Gilbert,Martin J sold 1,631,343 shares of the firm’s stock in a transaction that occurred on Thursday, September 15th. The shares were sold at an average price of GBX 325 ($4.24), for a total value of £5,301,864.75 ($6,920,590.98). Also, insider Julie Chakraverty acquired 3,042 shares of the stock in a transaction dated Monday, September 26th. The stock was acquired at an average cost of GBX 326 ($4.26) per share, with a total value of £9,916.92 ($12,944.68).
Aberdeen Asset Management plc Company Profile
Aberdeen Asset Management PLC is a United Kingdom-based global asset management company engaged in the active management of financial assets. It manages assets for both institutional and retail clients. The Company’s institutional clients include pension funds, corporates, sovereign wealth funds, government agencies and insurance companies.
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