Aberdeen Asset Management plc (ADN) Given Buy Rating at Beaufort Securities
Several other analysts also recently weighed in on the stock. Macquarie downgraded shares of Aberdeen Asset Management plc to an underperform rating and set a GBX 250 ($3.10) target price for the company. in a report on Monday, October 17th. Jefferies Group downgraded shares of Aberdeen Asset Management plc to an underweight rating and lifted their target price for the company from GBX 240 ($2.98) to GBX 254 ($3.15) in a report on Thursday, October 20th. Royal Bank Of Canada downgraded 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 report on Thursday, October 6th. Citigroup Inc. reiterated a sell rating on shares of Aberdeen Asset Management plc in a report on Friday, September 30th. Finally, Goldman Sachs Group Inc. restated 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 research note on Tuesday, September 27th. Eight equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of GBX 280.73 ($3.48).
Aberdeen Asset Management plc (LON:ADN) opened at 267.50 on Tuesday. The company has a 50 day moving average price of GBX 309.25 and a 200 day moving average price of 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’s market capitalization is GBX 3.44 billion.
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The firm also recently announced a dividend, which will be paid on Thursday, February 9th. Stockholders of record on Thursday, December 8th will be issued a GBX 12 ($0.15) dividend. This represents a dividend yield of 4.37%. This is a boost from Aberdeen Asset Management plc’s previous dividend of $7.50. The ex-dividend date of this dividend is Thursday, December 8th.
In other Aberdeen Asset Management plc news, insider Julie Chakraverty bought 3,042 shares of Aberdeen Asset Management plc stock in a transaction dated Monday, September 26th. The stock was acquired 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 the company’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 transaction 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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