abrdn (LON:ABDN) Shares Up 1.8% – Still a Buy?

Shares of abrdn plc (LON:ABDN) traded up 1.8% during trading on Tuesday . The stock traded as high as GBX 205.80 and last traded at GBX 205.60. 4,431,707 shares traded hands during mid-day trading, a decline of 53% from the average session volume of 9,420,913 shares. The stock had previously closed at GBX 202.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on ABDN. JPMorgan Chase & Co. raised their price target on shares of abrdn from GBX 234 to GBX 242 and gave the stock an “overweight” rating in a report on Thursday, October 23rd. Royal Bank Of Canada increased their price objective on shares of abrdn from GBX 195 to GBX 200 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Citigroup lifted their target price on shares of abrdn from GBX 205 to GBX 220 and gave the stock a “neutral” rating in a research note on Thursday, October 23rd. Jefferies Financial Group upped their price target on shares of abrdn from GBX 180 to GBX 190 and gave the company a “hold” rating in a research report on Monday, October 20th. Finally, UBS Group reiterated a “sell” rating and set a GBX 175 price target on shares of abrdn in a report on Friday, October 17th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of GBX 211.17.

abrdn Stock Up 1.8%

The company has a market cap of £3.68 billion, a price-to-earnings ratio of 11.82, a P/E/G ratio of 12.70 and a beta of 1.25. The stock’s 50-day moving average is GBX 202.60 and its 200-day moving average is GBX 194.25. The company has a current ratio of 225.80, a quick ratio of 24.97 and a debt-to-equity ratio of 12.25.

abrdn Company Profile

Aberdeen is a Wealth & Investments group that connects investors to the expertise, tools, and solutions they need to grow and manage their wealth with confidence.

We are structured around three businesses – interactive investor, Adviser and Investments. As a diversified group, we have positioned ourselves for growth in a changing investment landscape.