Aberdeen Asset Management plc (ADN) Stock Rating Reaffirmed by Peel Hunt
Aberdeen Asset Management plc (LON:ADN)‘s stock had its “hold” rating reissued by stock analysts at Peel Hunt in a note issued to investors on Monday. They presently have a GBX 330 ($4.09) target price on the stock. Peel Hunt’s price objective would indicate a potential upside of 23.23% from the company’s current price.
A number of other analysts also recently commented on the company. Macquarie downgraded Aberdeen Asset Management plc to an “underperform” rating and set a GBX 250 ($3.10) target price on the stock. in a research report on Monday, October 17th. Jefferies Group downgraded Aberdeen Asset Management plc to an “underweight” rating and boosted their target price for the stock from GBX 240 ($2.98) to GBX 254 ($3.15) in a research report on Thursday, October 20th. Royal Bank Of Canada downgraded Aberdeen Asset Management plc to an “underperform” rating and boosted their target price for the stock from GBX 305 ($3.78) to GBX 320 ($3.97) in a research report on Thursday, October 6th. Citigroup Inc. reiterated a “sell” rating on shares of Aberdeen Asset Management plc in a research report on Friday, September 30th. Finally, Goldman Sachs Group Inc. reiterated a “sell” rating and set a GBX 300 ($3.72) target price (down from GBX 340 ($4.22)) on shares of Aberdeen Asset Management plc in a research report on Tuesday, September 27th. Eight 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’s stock. Aberdeen Asset Management plc presently has a consensus rating of “Hold” and an average target price of GBX 280.73 ($3.48).
Aberdeen Asset Management plc (LON:ADN) opened at 267.40 on Monday. Aberdeen Asset Management plc has a one year low of GBX 208.50 and a one year high of GBX 354.40. The company’s 50-day moving average price is GBX 309.25 and its 200-day moving average price is GBX 305.75. The stock’s market capitalization is GBX 3.44 billion.
The business also recently announced 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. This is an increase from Aberdeen Asset Management plc’s previous dividend of $7.50. The ex-dividend date is Thursday, December 8th. This represents a dividend yield of 4.37%.
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In other news, insider Gilbert,Martin J sold 1,631,343 shares of the company’s stock in a transaction dated 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). Also, insider Julie Chakraverty bought 3,042 shares of the firm’s stock in a transaction dated 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).
About Aberdeen Asset Management plc
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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