Aberdeen Asset Management plc (LON:ADN) PT Raised to GBX 285 at Barclays PLC
Aberdeen Asset Management plc (LON:ADN) had its target price increased by investment analysts at Barclays PLC from GBX 260 ($3.40) to GBX 285 ($3.72) in a research note issued on Thursday. The firm presently has an “underweight” rating on the stock. Barclays PLC’s target price would indicate a potential downside of 10.57% from the company’s previous close.
ADN has been the topic of several other reports. Numis Securities Ltd lowered shares of Aberdeen Asset Management plc to an “add” rating and increased their price objective for the stock from GBX 332 ($4.34) to GBX 338 ($4.41) in a report on Thursday, May 4th. Berenberg Bank began coverage on shares of Aberdeen Asset Management plc in a report on Thursday, June 15th. They set a “hold” rating and a GBX 290 ($3.79) price objective on the stock. Macquarie reiterated a “neutral” rating and set a GBX 271 ($3.54) price objective on shares of Aberdeen Asset Management plc in a report on Monday, May 8th. BNP Paribas reiterated a “neutral” rating and set a GBX 300 ($3.92) price objective on shares of Aberdeen Asset Management plc in a report on Tuesday. Finally, Jefferies Group LLC reiterated a “hold” rating and set a GBX 287 ($3.75) price objective on shares of Aberdeen Asset Management plc in a report on Monday, April 10th. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of GBX 292.81 ($3.82).
Shares of Aberdeen Asset Management plc (ADN) opened at 318.70 on Thursday. The stock has a 50 day moving average of GBX 300.01 and a 200-day moving average of GBX 281.54. The stock’s market capitalization is GBX 4.10 billion. Aberdeen Asset Management plc has a 1-year low of GBX 244.40 and a 1-year high of GBX 354.40.
About Aberdeen Asset Management plc
Aberdeen Asset Management PLC is a United Kingdom-based asset manager. The Company operates through asset management for reporting and control purposes. The Company is managed as a single asset management business, with multiple investment strategies of equities, fixed income and property, complemented by a solutions business, which provides multi asset, alternatives and quantitative investment capabilities.
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