Aberdeen Asset Management plc (ADN) Price Target Cut to GBX 240 by Analysts at BNP Paribas
Aberdeen Asset Management plc (LON:ADN) had its price target cut by BNP Paribas from GBX 260 ($3.23) to GBX 240 ($2.98) in a research report sent to investors on Tuesday. They currently have an underperform rating on the stock.
A number of other equities analysts have also issued reports on ADN. Numis Securities Ltd reduced their target price on Aberdeen Asset Management plc from GBX 300 ($3.72) to GBX 285 ($3.54) and set a hold rating for the company in a research note on Wednesday, November 23rd. Beaufort Securities reaffirmed a buy rating on shares of Aberdeen Asset Management plc in a research report on Tuesday. Peel Hunt reaffirmed a hold rating and set a GBX 330 ($4.09) price target on shares of Aberdeen Asset Management plc in a research report on Monday. JPMorgan Chase & Co. reaffirmed a neutral rating and set a GBX 320 ($3.97) price target on shares of Aberdeen Asset Management plc in a research report on Tuesday. Finally, Shore Capital reaffirmed a sell rating on shares of Aberdeen Asset Management plc in a research report on Monday. Eight research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. Aberdeen Asset Management plc has an average rating of Hold and a consensus target price of GBX 280.73 ($3.48).
Shares of Aberdeen Asset Management plc (LON:ADN) opened at 267.50 on Tuesday. The stock’s market capitalization is GBX 3.44 billion. 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.
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The firm also recently announced a dividend, which will be paid on Thursday, February 9th. Shareholders 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 positive change 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 Gilbert,Martin J sold 1,631,343 shares of the firm’s stock in a transaction that occurred on 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 bought 3,042 shares of the firm’s stock in a transaction 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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