abrdn plc (LON:ABDN) Stock Now Rated “Hold” by Wall Street Analysts

abrdn plc (LON:ABDN) has received a consensus recommendation of “Hold” from the six ratings firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is GBX 226.50.

A number of equities research analysts recently weighed in on the stock. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 210 target price on shares of abrdn in a research note on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 270 price target on shares of abrdn in a report on Friday, July 31st.

abrdn Stock Down 1.7%

Shares of LON:ABDN opened at GBX 220.60 on Tuesday. The business has a fifty day moving average price of GBX 240.24 and a two-hundred day moving average price of GBX 228.46. The company has a debt-to-equity ratio of 10.77, a current ratio of 327.40 and a quick ratio of 24.97. The company has a market capitalization of £3.95 billion, a PE ratio of 10.56, a price-to-earnings-growth ratio of 12.70 and a beta of 1.40. abrdn has a 1 year low of GBX 179.60 and a 1 year high of GBX 265.

abrdn (LON:ABDN) last released its quarterly earnings data on Wednesday, July 29th. The company reported GBX 8.40 EPS for the quarter. abrdn had a net margin of 28.07% and a return on equity of 7.37%. Analysts forecast that abrdn will post 15.23 earnings per share for the current year.

Insider Transactions at abrdn

In other news, insider Torbjörn Magnusson acquired 90,190 shares of abrdn stock in a transaction dated Friday, October 30th. The shares were purchased at an average cost of GBX 222 per share, for a total transaction of £200,221.80. Also, insider Katie Bickerstaffe acquired 9,033 shares of the firm’s stock in a transaction that occurred on Friday, October 23rd. The shares were purchased at an average cost of GBX 215 per share, for a total transaction of £19,420.95. Insiders bought a total of 179,893 shares of company stock valued at $41,728,425 over the last quarter. Company insiders own 0.71% of the company’s stock.

abrdn Company Profile

At Aberdeen, we believe investing is about more than numbers — it’s about ambitions, dreams, and the confidence to shape your future. From novice to expert, individual to institution, every day we work to help millions of people turn their financial goals into reality.

Whether they’re starting out, planning for retirement, advising others, or managing large portfolios, we partner with our customers and clients to ensure they have the tools and insight they need to navigate an ever-changing world.