Aberdeen Asset Management plc’s (ADN) Hold Rating Reiterated at Numis Securities Ltd
Aberdeen Asset Management plc (LON:ADN)‘s stock had its “hold” rating reiterated by equities researchers at Numis Securities Ltd in a note issued to investors on Wednesday. They presently have a GBX 300 ($3.92) target price on the stock. Numis Securities Ltd’s price target indicates a potential downside of 13.89% from the stock’s previous close.
Several other research analysts have also commented on ADN. JPMorgan Chase & Co. boosted their price objective on Aberdeen Asset Management plc from GBX 235 ($3.07) to GBX 270 ($3.52) and gave the stock a “neutral” rating in a report on Tuesday, July 26th. BNP Paribas reaffirmed an “underperform” rating and issued a GBX 230 ($3.00) target price on shares of Aberdeen Asset Management plc in a research note on Tuesday, July 26th. Peel Hunt lowered 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. Jefferies Group cut their target price on Aberdeen Asset Management plc from GBX 253 ($3.30) to GBX 240 ($3.13) and set a “hold” rating for the company in a research note on Wednesday, July 6th. Finally, Shore Capital reaffirmed a “sell” rating on shares of Aberdeen Asset Management plc in a research note on Monday, July 25th. Five research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company’s stock. Aberdeen Asset Management plc presently 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 348.20 on Wednesday. Aberdeen Asset Management plc has a 12 month low of GBX 208.50 and a 12 month high of GBX 376.60. The firm’s market cap is GBX 4.47 billion. The stock’s 50 day moving average is GBX 328.38 and its 200 day moving average is GBX 297.74.
In other news, insider Julie Chakraverty purchased 3,042 shares of the company’s stock in a transaction on Monday, September 26th. The shares were acquired at an average price of GBX 326 ($4.26) per share, for a total transaction of £9,916.92 ($12,944.68). Also, insider Gilbert,Martin J sold 1,631,343 shares of the business’s 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).
About Aberdeen Asset Management plc
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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