Aberdeen Asset Management plc (ADN) Price Target Raised to GBX 260 at BNP Paribas
Aberdeen Asset Management plc (LON:ADN) had its price objective lifted by BNP Paribas from GBX 235 ($2.91) to GBX 260 ($3.22) in a report published on Tuesday morning. BNP Paribas currently has an underperform rating on the stock.
Several other analysts have also commented on the company. Goldman Sachs Group Inc. reaffirmed a neutral rating and set a GBX 270 ($3.34) target price on shares of Aberdeen Asset Management plc in a report on Monday, July 4th. Credit Suisse Group AG reiterated a neutral rating and set a GBX 280 ($3.47) price target on shares of Aberdeen Asset Management plc in a research report on Tuesday, July 12th. Citigroup Inc. reiterated a sell rating on shares of Aberdeen Asset Management plc in a research report on Friday, September 30th. Royal Bank Of Canada downgraded Aberdeen Asset Management plc to an underperform rating and increased their price target for the stock from GBX 305 ($3.77) to GBX 320 ($3.96) in a research report on Thursday, October 6th. Finally, Barclays PLC lowered their price target on Aberdeen Asset Management plc from GBX 230 ($2.85) to GBX 225 ($2.78) and set an underweight rating on the stock in a research report on Thursday, June 30th. 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 stock. The company currently has a consensus rating of Hold and an average price target of GBX 283.36 ($3.51).
Shares of Aberdeen Asset Management plc (LON:ADN) traded down 1.00% on Tuesday, reaching GBX 337.10. 1,116,504 shares of the company’s stock were exchanged. The firm’s market cap is GBX 4.33 billion. Aberdeen Asset Management plc has a one year low of GBX 208.50 and a one year high of GBX 376.60. The company has a 50 day moving average price of GBX 330.29 and a 200 day moving average price of GBX 300.03.
In other Aberdeen Asset Management plc news, insider Julie Chakraverty purchased 3,042 shares of the firm’s stock in a transaction on Monday, September 26th. The stock was bought at an average cost of GBX 326 ($4.03) per share, with a total value of £9,916.92 ($12,273.42). Also, 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 ($4.02), for a total value of £5,301,864.75 ($6,561,713.80).
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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