Aberdeen Asset Management plc (ADN) Rating Lowered to Neutral at Bank of America Corp.
Aberdeen Asset Management plc (LON:ADN) was downgraded by research analysts at Bank of America Corp. to a “neutral” rating in a research report issued on Tuesday. They presently have a GBX 295 ($3.66) target price on the stock. Bank of America Corp.’s target price suggests a potential upside of 10.07% from the stock’s current price.
ADN has been the topic of a number of other reports. BNP Paribas boosted their price target on shares of Aberdeen Asset Management plc from GBX 235 ($2.92) to GBX 260 ($3.23) and gave the company an “underperform” rating in a research report on Tuesday, October 11th. Beaufort Securities restated a “buy” rating on shares of Aberdeen Asset Management plc in a research report on Tuesday, September 13th. Peel Hunt reiterated a “hold” rating and set a GBX 330 ($4.09) target price on shares of Aberdeen Asset Management plc in a research report on Monday. 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. Finally, Citigroup Inc. reiterated a “sell” rating on shares of Aberdeen Asset Management plc in a research report on Friday, September 30th. Eight 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 stock. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 279.73 ($3.47).
Aberdeen Asset Management plc (LON:ADN) opened at 268.00 on Tuesday. Aberdeen Asset Management plc has a 52-week low of GBX 208.50 and a 52-week high of GBX 354.40. The stock’s market capitalization is GBX 3.44 billion. The firm’s 50-day moving average is GBX 309.25 and its 200 day moving average is GBX 305.75.
The business also recently disclosed a dividend, which will be paid on Thursday, February 9th. Stockholders of record on Thursday, December 8th will be given a dividend of GBX 12 ($0.15) per share. This is an increase from Aberdeen Asset Management plc’s previous dividend of $7.50. The ex-dividend date of this dividend 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 stock in a transaction on 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). Also, insider Julie Chakraverty acquired 3,042 shares of the stock in a transaction dated Monday, September 26th. The shares were bought at an average cost of GBX 326 ($4.04) per share, with a total value 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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