Aberdeen Asset Management plc (ADN) Given “Neutral” Rating at Macquarie
Macquarie reaffirmed their neutral rating on shares of Aberdeen Asset Management plc (LON:ADN) in a research note published on Friday morning. They currently have a GBX 271 ($3.53) price objective on the stock.
A number of other research firms have also weighed in on ADN. Jefferies Group LLC raised their price target on shares of Aberdeen Asset Management plc from GBX 287 ($3.74) to GBX 302 ($3.93) and gave the company a hold rating in a report on Tuesday, July 11th. Shore Capital reaffirmed a sell rating on shares of Aberdeen Asset Management plc in a report on Tuesday, May 2nd. Liberum Capital reaffirmed a buy rating and set a GBX 332 ($4.32) price target on shares of Aberdeen Asset Management plc in a report on Tuesday, May 2nd. Morgan Stanley raised shares of Aberdeen Asset Management plc to an equal weight rating and raised their price target for the company from GBX 260 ($3.39) to GBX 332 ($4.32) in a report on Wednesday, June 7th. Finally, Barclays PLC raised their price target on shares of Aberdeen Asset Management plc from GBX 260 ($3.39) to GBX 285 ($3.71) and gave the company an underweight rating in a report on Thursday, July 20th. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of GBX 292.81 ($3.81).
Aberdeen Asset Management plc (LON ADN) traded down 1.37% during midday trading on Friday, hitting GBX 317.60. 29,986,706 shares of the stock traded hands. Aberdeen Asset Management plc has a one year low of GBX 244.40 and a one year high of GBX 354.40. The company’s 50-day moving average is GBX 316.00 and its 200-day moving average is GBX 287.98. The company’s market cap is GBX 4.08 billion.
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Aberdeen Asset Management plc Company Profile
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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