Aberdeen Asset Management plc (ADN) Given Underweight Rating at Barclays PLC
Barclays PLC restated their underweight rating on shares of Aberdeen Asset Management plc (LON:ADN) in a report issued on Thursday morning. They currently have a GBX 270 ($3.52) price objective on the stock.
Several other research analysts have also recently issued reports on ADN. Macquarie reissued a neutral rating on shares of Aberdeen Asset Management plc in a report on Friday, May 27th. Goldman Sachs Group Inc. reissued a neutral rating and set a GBX 288 ($3.76) target price on shares of Aberdeen Asset Management plc in a report on Wednesday, June 1st. BNP Paribas reissued an underperform rating and set a GBX 225 ($2.94) target price on shares of Aberdeen Asset Management plc in a report on Monday, June 27th. JPMorgan Chase & Co. reduced their target price on shares of Aberdeen Asset Management plc from GBX 275 ($3.59) to GBX 235 ($3.07) and set a neutral rating for the company in a report on Wednesday, June 29th. Finally, Jefferies Group reduced their target price on shares of Aberdeen Asset Management plc from GBX 253 ($3.30) to GBX 240 ($3.13) and set a hold rating for the company in a report on Wednesday, July 6th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the stock. Aberdeen Asset Management plc presently has a consensus rating of Hold and an average price target of GBX 280.86 ($3.67).
Shares of Aberdeen Asset Management plc (LON:ADN) opened at 325.80 on Thursday. The stock’s market cap is GBX 4.19 billion. Aberdeen Asset Management plc has a 52 week low of GBX 208.50 and a 52 week high of GBX 376.60. The firm has a 50-day moving average of GBX 325.85 and a 200 day moving average of GBX 293.98.
In related news, insider Gilbert,Martin J sold 1,631,343 shares of the business’s stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of GBX 325 ($4.24), for a total transaction of £5,301,864.75 ($6,920,590.98).
About Aberdeen Asset Management plc
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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