Aberdeen Asset Management plc (LON:ADN) had its price objective boosted by Liberum Capital from GBX 243 ($3.01) to GBX 323 ($4.00) in a research report issued on Friday. The firm presently has a “hold” rating on the stock. Liberum Capital’s price objective would suggest a potential downside of 5.22% from the stock’s current price.
Several other research firms have also recently commented on ADN. BNP Paribas reiterated an “underperform” rating and set a GBX 230 ($2.85) target price on shares of Aberdeen Asset Management plc in a research note on Tuesday, July 26th. Barclays PLC reiterated an “underweight” rating and set a GBX 270 ($3.34) target price on shares of Aberdeen Asset Management plc in a research note on Wednesday, July 27th. JPMorgan Chase & Co. increased their target price on Aberdeen Asset Management plc from GBX 270 ($3.34) to GBX 320 ($3.96) and gave the company a “neutral” rating in a research note on Tuesday, September 13th. Goldman Sachs Group Inc. reiterated a “neutral” rating and set a GBX 330 ($4.08) target price on shares of Aberdeen Asset Management plc in a research note on Friday, July 15th. Finally, Numis Securities Ltd reiterated a “hold” rating and set a GBX 300 ($3.71) target price on shares of Aberdeen Asset Management plc in a research note on Wednesday, October 5th. Seven equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. Aberdeen Asset Management plc has an average rating of “Hold” and a consensus target price of GBX 281.21 ($3.48).
Aberdeen Asset Management plc (LON:ADN) opened at 340.35 on Friday. Aberdeen Asset Management plc has a 52-week low of GBX 208.50 and a 52-week high of GBX 376.60. The company has a 50-day moving average of GBX 330.00 and a 200-day moving average of GBX 299.42. The stock’s market capitalization is GBX 4.37 billion.
In other news, insider Julie Chakraverty bought 3,042 shares of the firm’s stock in a transaction that occurred on Monday, September 26th. The stock was acquired at an average price of GBX 326 ($4.03) per share, with a total value of £9,916.92 ($12,273.42). Also, insider Gilbert,Martin J sold 1,631,343 shares of the firm’s stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of GBX 325 ($4.02), for a total value of £5,301,864.75 ($6,561,713.80).
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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