Macquarie reissued their underperform rating on shares of Aberdeen Asset Management plc (LON:ADN) in a research note released on Friday. Macquarie currently has a GBX 250 ($3.09) price target on the stock.
ADN has been the subject of several other reports. JPMorgan Chase & Co. dropped their target price on Aberdeen Asset Management plc from GBX 275 ($3.40) to GBX 235 ($2.91) and set a neutral rating for the company in a research note on Wednesday, June 29th. Peel Hunt lowered Aberdeen Asset Management plc to a hold rating and set a GBX 330 ($4.08) target price for the company. in a research note on Monday, July 25th. Shore Capital reiterated a sell rating on shares of Aberdeen Asset Management plc in a research note on Monday, July 25th. Beaufort Securities reiterated a buy rating on shares of Aberdeen Asset Management plc in a research note on Tuesday, September 13th. Finally, Goldman Sachs Group Inc. reiterated a neutral rating and issued a GBX 270 ($3.34) target price on shares of Aberdeen Asset Management plc in a research note on Monday, July 4th. Seven investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. Aberdeen Asset Management plc presently has an average rating of Hold and a consensus target price of GBX 283.36 ($3.51).
Shares of Aberdeen Asset Management plc (LON:ADN) opened at 340.50 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 firm’s market cap is GBX 4.37 billion. The firm has a 50-day moving average price of GBX 330.29 and a 200-day moving average price of GBX 300.03.
In other news, insider Julie Chakraverty acquired 3,042 shares of the business’s stock in a transaction on Monday, September 26th. The shares were purchased at an average price of GBX 326 ($4.03) per share, for a total transaction of £9,916.92 ($12,273.42). Also, insider Gilbert,Martin J sold 1,631,343 shares of the company’s stock in a transaction that occurred on 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).
About Aberdeen Asset Management plc
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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