Aberdeen Asset Management plc (ADN) Stock Rating Reaffirmed by Barclays PLC
Aberdeen Asset Management plc (LON:ADN)‘s stock had its “underweight” rating reaffirmed by equities research analysts at Barclays PLC in a research note issued to investors on Thursday. They presently have a GBX 270 ($3.60) target price on the stock. Barclays PLC’s price target indicates a potential downside of 16.70% from the stock’s previous close.
Other research analysts also recently issued reports about the stock. JPMorgan Chase & Co. reduced their price target on shares of Aberdeen Asset Management plc from GBX 275 ($3.66) to GBX 235 ($3.13) and set a “neutral” rating on the stock in a research report on Wednesday, June 29th. Peel Hunt downgraded shares of Aberdeen Asset Management plc to a “hold” rating and set a GBX 330 ($4.40) price objective on the stock. in a research report on Monday, July 25th. Numis Securities Ltd lifted their price objective on shares of Aberdeen Asset Management plc from GBX 279 ($3.72) to GBX 300 ($4.00) and gave the company a “hold” rating in a research report on Monday, July 25th. Goldman Sachs Group Inc. reiterated a “neutral” rating and issued a GBX 330 ($4.40) price objective on shares of Aberdeen Asset Management plc in a research report on Friday, July 15th. Finally, Jefferies Group cut their price objective on shares of Aberdeen Asset Management plc from GBX 253 ($3.37) to GBX 240 ($3.20) and set a “hold” rating on the stock in a research report on Wednesday, July 6th. Four analysts have rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 280.86 ($3.74).
Shares of Aberdeen Asset Management plc (LON:ADN) opened at 324.12936 on Thursday. The firm has a 50 day moving average of GBX 325.10 and a 200 day moving average of GBX 292.43. The stock’s market cap is GBX 4.16 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 Aberdeen Asset Management plc news, 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 ($4.33), for a total value of £5,301,864.75 ($7,061,620.60).
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.
Receive News & Ratings for Aberdeen Asset Management plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aberdeen Asset Management plc and related companies with Analyst Ratings Network's FREE daily email newsletter.