Aberdeen Asset Management plc (LON:ADN) had its target price dropped by equities research analysts at Numis Securities Ltd from GBX 300 ($3.75) to GBX 285 ($3.56) in a research report issued on Wednesday. The brokerage presently has a “hold” rating on the stock. Numis Securities Ltd’s target price would indicate a potential downside of 1.18% from the company’s current price.

Several other analysts have also issued reports on the company. BNP Paribas reissued an “underperform” rating and set a GBX 260 ($3.25) price target on shares of Aberdeen Asset Management plc in a report on Monday. Jefferies Group lowered Aberdeen Asset Management plc to an “underweight” rating and boosted their price target for the company from GBX 240 ($3.00) to GBX 254 ($3.17) in a report on Thursday, October 20th. Macquarie lowered Aberdeen Asset Management plc to an “underperform” rating and set a GBX 250 ($3.12) price target for the company. in a report on Monday, October 17th. Liberum Capital boosted their price target on Aberdeen Asset Management plc from GBX 243 ($3.04) to GBX 323 ($4.04) and gave the company a “hold” rating in a report on Friday, October 7th. Finally, Royal Bank Of Canada lowered Aberdeen Asset Management plc to an “underperform” rating and boosted their price target for the company from GBX 305 ($3.81) to GBX 320 ($4.00) in a report on Thursday, October 6th. Eight investment analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. Aberdeen Asset Management plc presently has a consensus rating of “Hold” and a consensus price target of GBX 283.29 ($3.54).

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

Aberdeen Asset Management plc (LON:ADN) opened at 287.73 on Wednesday. Aberdeen Asset Management plc has a 52-week low of GBX 208.50 and a 52-week high of GBX 354.40. The company’s market capitalization is GBX 3.70 billion. The company’s 50-day moving average price is GBX 313.48 and its 200 day moving average price is GBX 305.25.

In other news, insider Gilbert,Martin J sold 1,631,343 shares of the stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of GBX 325 ($4.06), for a total value of £5,301,864.75 ($6,624,018.93). Also, insider Julie Chakraverty purchased 3,042 shares of Aberdeen Asset Management plc stock in a transaction dated Monday, September 26th. The stock was acquired at an average price of GBX 326 ($4.07) per share, for a total transaction of £9,916.92 ($12,389.96).

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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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