Aberdeen Asset Management plc’s (ADN) Sell Rating Reaffirmed at Shore Capital
Several other equities research analysts also recently weighed in on the company. BNP Paribas raised their price target on Aberdeen Asset Management plc from GBX 235 ($2.92) to GBX 260 ($3.23) and gave the stock an underperform rating in a report on Tuesday, October 11th. Beaufort Securities reissued a buy rating on shares of Aberdeen Asset Management plc in a report on Tuesday, September 13th. Peel Hunt reissued a hold rating and issued a GBX 330 ($4.09) price target on shares of Aberdeen Asset Management plc in a report on Monday. Goldman Sachs Group Inc. reissued a sell rating and issued a GBX 300 ($3.72) price target (down previously from GBX 340 ($4.22)) on shares of Aberdeen Asset Management plc in a report on Tuesday, September 27th. Finally, Citigroup Inc. reissued a sell rating on shares of Aberdeen Asset Management plc in a report on Friday, September 30th. Eight research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of GBX 281.86 ($3.50).
Aberdeen Asset Management plc (LON:ADN) opened at 261.50 on Monday. The company’s market capitalization is GBX 3.36 billion. The company’s 50 day moving average price is GBX 309.25 and its 200-day moving average price is GBX 305.75. Aberdeen Asset Management plc has a 52 week low of GBX 208.50 and a 52 week high of GBX 354.40.
The firm also recently disclosed a dividend, which will be paid on Thursday, February 9th. Stockholders of record on Thursday, December 8th will be given a GBX 12 ($0.15) dividend. The ex-dividend date of this dividend is Thursday, December 8th. This is a boost from Aberdeen Asset Management plc’s previous dividend of $7.50. This represents a dividend yield of 4.37%.
In other news, insider Julie Chakraverty purchased 3,042 shares of the stock in a transaction dated Monday, September 26th. The shares were purchased at an average cost of GBX 326 ($4.04) per share, with a total value of £9,916.92 ($12,302.34). 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 stock was sold at an average price of GBX 325 ($4.03), for a total value of £5,301,864.75 ($6,577,179.94).
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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