Aberdeen Asset Management plc (LON:ADN) was downgraded by analysts at Macquarie to an “underperform” rating in a research report issued to clients and investors on Monday. They currently have a GBX 250 ($3.05) price target on the stock. Macquarie’s target price would suggest a potential downside of 24.01% from the stock’s current price.
Several other equities research analysts have also recently weighed in on the stock. BNP Paribas upped their price target on shares of Aberdeen Asset Management plc from GBX 235 ($2.86) to GBX 260 ($3.17) and gave the stock an “underperform” rating in a research report on Tuesday, October 11th. Liberum Capital boosted their price objective on shares of Aberdeen Asset Management plc from GBX 243 ($2.96) to GBX 323 ($3.94) and gave the stock a “hold” rating in a research note on Friday, October 7th. Royal Bank Of Canada lowered shares of Aberdeen Asset Management plc to an “underperform” rating and boosted their price objective for the stock from GBX 305 ($3.72) to GBX 320 ($3.90) in a research note on Thursday, October 6th. Numis Securities Ltd reiterated a “hold” rating and set a GBX 300 ($3.66) price objective on shares of Aberdeen Asset Management plc in a research note on Wednesday, October 5th. Finally, Citigroup Inc. reiterated a “sell” rating on shares of Aberdeen Asset Management plc in a research note on Friday, September 30th. Seven analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. Aberdeen Asset Management plc currently has an average rating of “Hold” and a consensus target price of GBX 283.36 ($3.45).
Aberdeen Asset Management plc (LON:ADN) opened at 328.60 on Monday. The stock’s 50 day moving average is GBX 329.98 and its 200 day moving average is GBX 301.71. The stock’s market cap is GBX 4.22 billion. Aberdeen Asset Management plc has a 52 week low of GBX 208.50 and a 52 week high of GBX 376.60.
In other Aberdeen Asset Management plc news, insider Julie Chakraverty acquired 3,042 shares of the company’s stock in a transaction dated Monday, September 26th. The shares were acquired at an average cost of GBX 326 ($3.97) per share, with a total value of £9,916.92 ($12,086.44). Also, insider Gilbert,Martin J sold 1,631,343 shares of the company’s stock in a transaction on Thursday, September 15th. The shares were sold at an average price of GBX 325 ($3.96), for a total transaction of £5,301,864.75 ($6,461,748.63).
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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