abrdn plc (LON:ABDN) Stock Now Rated “Hold” by Sell-Side Analysts

abrdn plc (LON:ABDN) has been assigned an average recommendation of “Hold” from the six ratings firms that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is GBX 226.50.

ABDN has been the topic of several research analyst reports. Jefferies Financial Group reiterated a “hold” rating and set a GBX 210 price target on shares of abrdn in a research note on Thursday, July 30th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 270 target price on shares of abrdn in a research note on Friday, July 31st.

abrdn Trading Up 0.3%

LON ABDN opened at GBX 219.20 on Tuesday. The company has a quick ratio of 24.97, a current ratio of 327.40 and a debt-to-equity ratio of 10.77. The firm has a 50 day moving average of GBX 241.93 and a two-hundred day moving average of GBX 228.23. The stock has a market capitalization of £3.93 billion, a PE ratio of 10.49, a price-to-earnings-growth ratio of 12.70 and a beta of 1.40. abrdn has a 52 week low of GBX 179.60 and a 52 week high of GBX 265.

abrdn (LON:ABDN) last posted its quarterly earnings results on Wednesday, July 29th. The company reported GBX 8.40 earnings per share for the quarter. abrdn had a return on equity of 7.37% and a net margin of 28.07%. As a group, research analysts expect that abrdn will post 15.23 EPS for the current fiscal year.

Insider Buying and Selling at abrdn

In other news, insider Torbjörn Magnusson purchased 80,670 shares of the stock in a transaction that occurred on Monday, September 21st. The shares were acquired at an average price of GBX 245 per share, for a total transaction of £197,641.50. Also, insider Katie Bickerstaffe purchased 9,033 shares of the company’s stock in a transaction dated Friday, October 23rd. The stock was purchased at an average price of GBX 215 per share, with a total value of £19,420.95. Insiders have acquired a total of 98,016 shares of company stock worth $23,701,365 over the last 90 days. Insiders own 0.71% of the company’s stock.

About abrdn

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