Liberum Capital Raises Aberdeen Asset Management plc (ADN) Price Target to GBX 323
Aberdeen Asset Management plc (LON:ADN) had its target price lifted by equities researchers at Liberum Capital from GBX 243 ($3.17) to GBX 323 ($4.22) in a report released on Friday. The firm currently has a “hold” rating on the stock. Liberum Capital’s price target suggests a potential downside of 4.38% from the company’s current price.
A number of other analysts have also recently weighed in on ADN. BNP Paribas reaffirmed an “underperform” rating and set a GBX 225 ($2.94) price target on shares of Aberdeen Asset Management plc in a research report on Monday, June 27th. JPMorgan Chase & Co. decreased their price target 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 research report on Wednesday, June 29th. Barclays PLC decreased their price target on shares of Aberdeen Asset Management plc from GBX 230 ($3.00) to GBX 225 ($2.94) and set an “underweight” rating for the company in a research report on Thursday, June 30th. Goldman Sachs Group Inc. reaffirmed a “neutral” rating and set a GBX 270 ($3.52) price target on shares of Aberdeen Asset Management plc in a research report on Monday, July 4th. Finally, Jefferies Group decreased their price target 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 research report on Wednesday, July 6th. Six research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of GBX 283.62 ($3.70).
Shares of Aberdeen Asset Management plc (LON:ADN) opened at 341.60 on Friday. Aberdeen Asset Management plc has a 52-week low of GBX 208.50 and a 52-week high of GBX 376.60. The stock’s 50 day moving average price is GBX 329.01 and its 200-day moving average price is GBX 298.18. The firm’s market cap is GBX 4.39 billion.
In other news, insider Gilbert,Martin J sold 1,631,343 shares of the company’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 value of £5,301,864.75 ($6,920,590.98). Also, insider Julie Chakraverty bought 3,042 shares of the business’s stock in a transaction dated Monday, September 26th. The stock was bought at an average price of GBX 326 ($4.26) per share, for a total transaction of £9,916.92 ($12,944.68).
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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