Aberdeen Asset Mgt Unspon (ABDNY) Downgraded by Zacks Investment Research
Zacks Investment Research lowered shares of Aberdeen Asset Mgt Unspon (NASDAQ:ABDNY) from a buy rating to a hold rating in a report issued on Monday.
According to Zacks, “Aberdeen Asset Management Plc engages in the provision of asset management. It focuses in financial assets such as equities, fixed income and alternatives. The company also offers solutions which include strategy research, asset allocations views, manager selection, portfolio construction, and client portfolio. Aberdeen Asset Management Plc is headquartered in Aberdeen, the United Kingdom. “
ABDNY has been the topic of a number of other reports. Berenberg Bank began coverage on Aberdeen Asset Mgt Unspon in a research note on Thursday, June 15th. They set a hold rating on the stock. Royal Bank Of Canada raised Aberdeen Asset Mgt Unspon from a sector perform rating to an outperform rating in a research note on Tuesday, July 4th. Finally, HSBC Holdings plc raised Aberdeen Asset Mgt Unspon from a hold rating to a buy rating in a research note on Friday, July 14th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $9.50.
Aberdeen Asset Mgt Unspon (ABDNY) opened at 8.31 on Monday. Aberdeen Asset Mgt Unspon has a 52 week low of $6.06 and a 52 week high of $8.95. The firm has a market cap of $5.34 billion and a price-to-earnings ratio of 24.02. The stock’s 50 day moving average price is $8.35 and its 200 day moving average price is $7.43.
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