Aberdeen Asset Management plc (LON:ADN) Given Consensus Rating of “Hold” by Analysts
Aberdeen Asset Management plc (LON:ADN) has been given an average recommendation of “Hold” by the seventeen research firms that are covering the company. Five equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is GBX 277.17 ($3.62).
Several brokerages have issued reports on ADN. Barclays PLC decreased their target price on shares of Aberdeen Asset Management plc from GBX 230 ($3.00) to GBX 225 ($2.94) and set an “underweight” rating for the company in a report on Thursday, June 30th. JPMorgan Chase & Co. decreased their target price on shares of Aberdeen Asset Management plc from GBX 275 ($3.59) to GBX 235 ($3.07) and set a “neutral” rating for the company in a report on Wednesday, June 29th. Peel Hunt cut shares of Aberdeen Asset Management plc to a “hold” rating and set a GBX 330 ($4.31) target price for the company. in a report on Monday, July 25th. Numis Securities Ltd lifted their target price on shares of Aberdeen Asset Management plc from GBX 279 ($3.64) to GBX 300 ($3.92) and gave the stock a “hold” rating in a report on Monday, July 25th. Finally, Goldman Sachs Group Inc. reaffirmed a “neutral” rating and issued a GBX 330 ($4.31) target price on shares of Aberdeen Asset Management plc in a report on Friday, July 15th.
In other news, insider Gilbert,Martin J sold 1,631,343 shares of the business’s stock in a transaction on 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). Also, insider Julie Chakraverty bought 3,042 shares of the stock in a transaction dated Monday, September 26th. The stock was bought at an average cost of GBX 326 ($4.26) per share, for a total transaction of £9,916.92 ($12,944.68).
Shares of Aberdeen Asset Management plc (LON:ADN) opened at 348.40 on Friday. The company’s 50 day moving average is GBX 328.38 and its 200-day moving average is GBX 297.74. The stock’s market capitalization is GBX 4.48 billion. Aberdeen Asset Management plc has a 52 week low of GBX 208.50 and a 52 week high of GBX 376.60.
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.
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