Aberdeen Asset Management plc (ADN) Rating Reiterated by Goldman Sachs Group Inc.
Aberdeen Asset Management plc (LON:ADN)‘s stock had its “sell” rating reissued by stock analysts at Goldman Sachs Group Inc. in a report issued on Tuesday. They currently have a GBX 300 ($3.92) target price on the stock, down from their prior target price of GBX 340 ($4.44). Goldman Sachs Group Inc.’s target price would suggest a potential downside of 7.44% from the company’s previous close.
ADN has been the subject of several other research reports. JPMorgan Chase & Co. decreased their target price on Aberdeen Asset Management plc from GBX 275 ($3.59) to GBX 235 ($3.07) and set a “neutral” rating for the company in a research note on Wednesday, June 29th. Peel Hunt cut Aberdeen Asset Management plc to a “hold” rating and set a GBX 330 ($4.31) target price for the company. in a research note on Monday, July 25th. Shore Capital reaffirmed a “sell” rating on shares of Aberdeen Asset Management plc in a research note on Monday, July 25th. Beaufort Securities reaffirmed a “buy” rating on shares of Aberdeen Asset Management plc in a research note on Tuesday, September 13th. Finally, Numis Securities Ltd reaffirmed a “hold” rating and set a GBX 300 ($3.92) target price on shares of Aberdeen Asset Management plc in a research note on Friday, September 2nd. Five research analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company. Aberdeen Asset Management plc has an average rating of “Hold” and a consensus target price of GBX 276.23 ($3.61).
Shares of Aberdeen Asset Management plc (LON:ADN) opened at 324.10 on Tuesday. The firm has a 50-day moving average price of GBX 327.29 and a 200 day moving average price of GBX 296.00. The stock’s market cap is GBX 4271.36 billion. Aberdeen Asset Management plc has a 12-month low of GBX 208.50 and a 12-month high of GBX 376.60.
In related news, insider Julie Chakraverty acquired 3,042 shares of the stock in a transaction dated Monday, September 26th. The shares were acquired at an average price of GBX 326 ($4.26) per share, with a total value of £9,916.92 ($12,944.68). Also, insider Gilbert,Martin J sold 1,631,343 shares of the stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of GBX 325 ($4.24), for a total value of £5,301,864.75 ($6,920,590.98).
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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