Aberdeen Asset Management plc’s (ADN) Underperform Rating Reaffirmed at Macquarie
Macquarie reiterated their underperform rating on shares of Aberdeen Asset Management plc (LON:ADN) in a research report sent to investors on Friday. Macquarie currently has a GBX 250 ($3.26) price target on the stock.
Other equities research analysts also recently issued reports about the stock. Beaufort Securities reissued a buy rating on shares of Aberdeen Asset Management plc in a research note on Tuesday, September 13th. Numis Securities Ltd boosted their price target on shares of Aberdeen Asset Management plc from GBX 279 ($3.64) to GBX 300 ($3.92) and gave the company a hold rating in a research note on Monday, July 25th. Jefferies Group reduced their price target on shares of Aberdeen Asset Management plc from GBX 253 ($3.30) to GBX 240 ($3.13) and set a hold rating on the stock in a research note on Wednesday, July 6th. Peel Hunt downgraded shares of Aberdeen Asset Management plc to a hold rating and set a GBX 330 ($4.31) price target on the stock. in a research note on Monday, July 25th. Finally, Liberum Capital boosted their price target on shares of Aberdeen Asset Management plc from GBX 243 ($3.17) to GBX 323 ($4.22) and gave the company a hold rating in a research note on Friday. Seven equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. Aberdeen Asset Management plc presently has a consensus rating of Hold and an average target price of GBX 281.21 ($3.67).
Shares of Aberdeen Asset Management plc (LON:ADN) traded up 0.38% during midday trading on Friday, reaching GBX 341.70. 1,678,459 shares of the company’s stock traded hands. Aberdeen Asset Management plc has a 1-year low of GBX 208.50 and a 1-year high of GBX 376.60. The firm’s 50-day moving average price is GBX 329.45 and its 200 day moving average price is GBX 298.48. The stock’s market capitalization is GBX 4.39 billion.
In other Aberdeen Asset Management plc news, insider Julie Chakraverty acquired 3,042 shares of the stock in a transaction that occurred on Monday, September 26th. The shares were purchased at an average cost 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 transaction 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.
Receive News & Stock Ratings for Aberdeen Asset Management plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aberdeen Asset Management plc and related stocks with our FREE daily email newsletter.