Aberdeen Asset Management plc (ADN) Given “Underweight” Rating at Barclays PLC
Aberdeen Asset Management plc (LON:ADN)‘s stock had its “underweight” rating reiterated by stock analysts at Barclays PLC in a note issued to investors on Wednesday. They currently have a GBX 260 ($3.23) price target on the stock. Barclays PLC’s price target indicates a potential downside of 2.91% from the stock’s current price.
Several other brokerages also recently weighed in on ADN. Royal Bank Of Canada downgraded shares of Aberdeen Asset Management plc to an “underperform” rating and boosted their price objective for the stock from GBX 305 ($3.78) to GBX 320 ($3.97) in a research report on Thursday, October 6th. Numis Securities Ltd restated a “hold” rating and set a GBX 300 ($3.72) price objective on shares of Aberdeen Asset Management plc in a research report on Wednesday, October 5th. BNP Paribas boosted their price objective on shares of Aberdeen Asset Management plc from GBX 235 ($2.92) to GBX 260 ($3.23) and gave the stock an “underperform” rating in a research report on Tuesday, October 11th. Liberum Capital boosted their price objective on shares of Aberdeen Asset Management plc from GBX 243 ($3.01) to GBX 323 ($4.01) and gave the stock a “hold” rating in a research report on Friday, October 7th. Finally, Macquarie restated an “underperform” rating and set a GBX 250 ($3.10) price objective on shares of Aberdeen Asset Management plc in a research report on Friday, October 7th. Eight analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 280.73 ($3.48).
Shares of Aberdeen Asset Management plc (LON:ADN) opened at 267.80 on Wednesday. The company’s 50-day moving average is GBX 309.25 and its 200 day moving average is GBX 305.75. The firm’s market cap is GBX 3.44 billion. 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. Investors of record on Thursday, December 8th will be paid 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 of this dividend is Thursday, December 8th.
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In related news, insider Gilbert,Martin J sold 1,631,343 shares of the 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 that occurred on Monday, September 26th. The stock was acquired at an average cost of GBX 326 ($4.04) per share, for a total transaction 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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