Aberdeen Asset Mgt Unspon (ABDNY) Lowered to “Hold” at Zacks Investment Research
Zacks Investment Research cut shares of Aberdeen Asset Mgt Unspon (NASDAQ:ABDNY) from a buy rating to a hold rating in a report published on Monday morning.
According to Zacks, “Aberdeen Asset Management Plc engages in the provision of asset management. It focuses in financial assets such as equities, fixed income and alternatives. The company also offers solutions which include strategy research, asset allocations views, manager selection, portfolio construction, and client portfolio. Aberdeen Asset Management Plc is headquartered in Aberdeen, the United Kingdom. “
A number of other research firms also recently weighed in on ABDNY. Berenberg Bank began coverage on shares of Aberdeen Asset Mgt Unspon in a research report on Thursday, June 15th. They issued a hold rating on the stock. Royal Bank Of Canada raised shares of Aberdeen Asset Mgt Unspon from a sector perform rating to an outperform rating in a research report on Tuesday, July 4th. Finally, HSBC Holdings plc raised shares of Aberdeen Asset Mgt Unspon from a hold rating to a buy rating in a research report on Friday, July 14th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $8.75.
Aberdeen Asset Mgt Unspon (ABDNY) opened at 8.31 on Monday. The company has a market capitalization of $5.34 billion and a PE ratio of 24.02. Aberdeen Asset Mgt Unspon has a 12 month low of $6.06 and a 12 month high of $8.95. The stock’s 50 day moving average is $8.35 and its 200-day moving average is $7.43.
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