Numis Securities Ltd Reiterates Hold Rating for Aberdeen Asset Management plc (ADN)
Aberdeen Asset Management plc (LON:ADN)‘s stock had its “hold” rating restated by research analysts at Numis Securities Ltd in a research report issued on Wednesday. They currently have a GBX 300 ($3.92) price objective on the stock. Numis Securities Ltd’s price target points to a potential downside of 11.19% from the company’s previous close.
Several other brokerages have also recently issued reports on ADN. JPMorgan Chase & Co. lifted their price objective on Aberdeen Asset Management plc from GBX 235 ($3.07) to GBX 270 ($3.52) and gave the stock a “neutral” rating in a report on Tuesday, July 26th. BNP Paribas reaffirmed an “underperform” rating and set a GBX 230 ($3.00) price objective on shares of Aberdeen Asset Management plc in a report on Tuesday, July 26th. Peel Hunt cut Aberdeen Asset Management plc to a “hold” rating and set a GBX 330 ($4.31) price objective for the company. in a report on Monday, July 25th. Jefferies Group reduced their price objective on 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. Finally, Shore Capital reaffirmed a “sell” rating on shares of Aberdeen Asset Management plc in a report on Monday, July 25th. Six equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. Aberdeen Asset Management plc has an average rating of “Hold” and a consensus price target of GBX 283.62 ($3.70).
Aberdeen Asset Management plc (LON:ADN) opened at 341.10 on Wednesday. The stock’s 50 day moving average price is GBX 329.01 and its 200 day moving average price is GBX 298.18. The stock’s market cap is GBX 4.38 billion. Aberdeen Asset Management plc has a 52 week low of GBX 208.50 and a 52 week high of GBX 376.60.
In other news, insider Gilbert,Martin J sold 1,631,343 shares of Aberdeen Asset Management plc stock in a transaction on Thursday, September 15th. The stock was 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 acquired 3,042 shares of the stock in a transaction dated Monday, September 26th. The stock was acquired at an average cost of GBX 326 ($4.26) per share, with a total value of £9,916.92 ($12,944.68).
Aberdeen Asset Management plc Company Profile
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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