Aberdeen Asset Management plc (LON:ADN) was downgraded by equities researchers at Macquarie to an “underperform” rating in a note issued to investors on Monday. They presently have a GBX 250 ($3.09) target price on the stock. Macquarie’s target price would suggest a potential downside of 23.15% from the stock’s previous close.

A number of other equities research analysts have also recently commented on ADN. BNP Paribas reissued an “underperform” rating and issued a GBX 225 ($2.78) target price on shares of Aberdeen Asset Management plc in a research note on Monday, June 27th. JPMorgan Chase & Co. cut their target price on Aberdeen Asset Management plc from GBX 275 ($3.40) to GBX 235 ($2.91) and set a “neutral” rating on the stock in a research note on Wednesday, June 29th. Barclays PLC cut their target price 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 note on Thursday, June 30th. Goldman Sachs Group Inc. reissued a “neutral” rating and issued a GBX 270 ($3.34) target price on shares of Aberdeen Asset Management plc in a research note on Monday, July 4th. Finally, Jefferies Group cut their target price on Aberdeen Asset Management plc from GBX 253 ($3.13) to GBX 240 ($2.97) and set a “hold” rating on the stock in a research note on Wednesday, July 6th. Seven analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of GBX 283.36 ($3.51).

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

Aberdeen Asset Management plc (LON:ADN) opened at 323.60 on Monday. The firm’s 50-day moving average price is GBX 330.36 and its 200-day moving average price is GBX 300.64. The stock’s market cap is GBX 4.16 billion. Aberdeen Asset Management plc has a 12-month low of GBX 208.50 and a 12-month high of GBX 376.60.

In related news, insider Julie Chakraverty acquired 3,042 shares of the firm’s stock in a transaction dated Monday, September 26th. The shares were purchased at an average price 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 that occurred on Thursday, September 15th. The shares were 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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