Aberdeen Asset Management plc (LON:ADN) had its target price lifted by equities researchers at Liberum Capital from GBX 243 ($3.17) to GBX 323 ($4.22) in a research note issued to investors on Friday. The firm presently has a “hold” rating on the stock. Liberum Capital’s price objective indicates a potential downside of 4.38% from the company’s previous close.

Several other brokerages have also recently issued reports on ADN. Royal Bank Of Canada cut Aberdeen Asset Management plc to an “underperform” rating and increased their price objective for the company from GBX 305 ($3.98) to GBX 320 ($4.18) in a research note on Thursday. Numis Securities Ltd reiterated a “hold” rating and issued a GBX 300 ($3.92) price objective on shares of Aberdeen Asset Management plc in a research note on Wednesday. Citigroup Inc. reiterated a “sell” rating on shares of Aberdeen Asset Management plc in a research note on Friday, September 30th. Goldman Sachs Group Inc. reiterated a “sell” rating and issued a GBX 300 ($3.92) price objective (down from GBX 340 ($4.44)) on shares of Aberdeen Asset Management plc in a research note on Tuesday, September 27th. Finally, Barclays PLC reiterated an “underweight” rating and issued a GBX 270 ($3.52) price objective on shares of Aberdeen Asset Management plc in a research note on Thursday, September 15th. Six investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of GBX 283.62 ($3.70).

Analyst Recommendations for Aberdeen Asset Management plc (LON:ADN)

Shares of Aberdeen Asset Management plc (LON:ADN) opened at 341.60 on Friday. The stock’s market cap is GBX 4.39 billion. The stock has a 50 day moving average price of GBX 329.01 and a 200-day moving average price of GBX 298.18. Aberdeen Asset Management plc has a 52 week low of GBX 208.50 and a 52 week high of GBX 376.60.

In other news, insider Gilbert,Martin J sold 1,631,343 shares of Aberdeen Asset Management plc stock in a transaction dated Thursday, September 15th. The stock was sold at an average price of GBX 325 ($4.24), for a total transaction of £5,301,864.75 ($6,920,590.98). Also, insider Julie Chakraverty bought 3,042 shares of the business’s stock in a transaction dated Monday, September 26th. The shares were purchased at an average price of GBX 326 ($4.26) per share, for a total transaction of £9,916.92 ($12,944.68).

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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