Aberdeen Asset Management plc’s (ADN) Neutral Rating Reiterated at JPMorgan Chase & Co.
Aberdeen Asset Management plc (LON:ADN)‘s stock had its “neutral” rating reiterated by equities research analysts at JPMorgan Chase & Co. in a report issued on Tuesday. They currently have a GBX 320 ($3.97) target price on the stock. JPMorgan Chase & Co.’s target price would indicate a potential upside of 11.72% from the company’s previous close.
A number of other research firms have also recently weighed in on ADN. Numis Securities Ltd restated a “hold” rating and set a GBX 285 ($3.54) target price on shares of Aberdeen Asset Management plc in a research note on Tuesday. Liberum Capital lifted their target price on shares of Aberdeen Asset Management plc from GBX 243 ($3.01) to GBX 323 ($4.01) and gave the company a “hold” rating in a research note on Friday, October 7th. Royal Bank Of Canada cut shares of Aberdeen Asset Management plc to an “underperform” rating and lifted their target price for the company from GBX 305 ($3.78) to GBX 320 ($3.97) in a research note on Thursday, October 6th. BNP Paribas restated an “underperform” rating and set a GBX 260 ($3.23) target price on shares of Aberdeen Asset Management plc in a research note on Monday, November 21st. Finally, Barclays PLC restated an “underweight” rating and set a GBX 270 ($3.35) target price on shares of Aberdeen Asset Management plc in a research note on Thursday, September 15th. Eight equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of GBX 283.29 ($3.51).
Aberdeen Asset Management plc (LON:ADN) opened at 269.10 on Tuesday. The company’s market capitalization is GBX 3.46 billion. Aberdeen Asset Management plc has a 52 week low of GBX 208.50 and a 52 week high of GBX 354.40. The stock’s 50 day moving average price is GBX 309.25 and its 200-day moving average price is GBX 305.75.
The business also recently disclosed a dividend, which will be paid on Thursday, February 9th. Shareholders of record on Thursday, December 8th will be given a GBX 12 ($0.15) dividend. This represents a yield of 4.37%. This is a boost from Aberdeen Asset Management plc’s previous dividend of $7.50. The ex-dividend date is Thursday, December 8th.
In other Aberdeen Asset Management plc news, insider Gilbert,Martin J sold 1,631,343 shares of the business’s stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of GBX 325 ($4.03), for a total value of £5,301,864.75 ($6,577,179.94). Also, insider Julie Chakraverty acquired 3,042 shares of the stock in a transaction on Monday, September 26th. The stock was bought at an average cost of GBX 326 ($4.04) per share, with a total value of £9,916.92 ($12,302.34).
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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