Aberdeen Asset Management plc’s (ADN) Underperform Rating Reaffirmed at Macquarie
Macquarie reiterated their underperform rating on shares of Aberdeen Asset Management plc (LON:ADN) in a research note published on Friday. The brokerage currently has a GBX 250 ($3.26) target price on the stock.
Several other equities analysts also recently issued reports on ADN. BNP Paribas reissued an underperform rating and set a GBX 225 ($2.94) price target on shares of Aberdeen Asset Management plc in a report on Monday, June 27th. JPMorgan Chase & Co. reduced 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 report on Wednesday, June 29th. Barclays PLC reduced 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 report on Thursday, June 30th. Goldman Sachs Group Inc. restated a neutral rating and set a GBX 270 ($3.52) price objective on shares of Aberdeen Asset Management plc in a research note on Monday, July 4th. Finally, Jefferies Group cut their price objective on shares of Aberdeen Asset Management plc from GBX 253 ($3.30) to GBX 240 ($3.13) and set a hold rating on the stock in a research note on Wednesday, July 6th. Seven equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. Aberdeen Asset Management plc has an average rating of Hold and an average target price of GBX 281.21 ($3.67).
Shares of Aberdeen Asset Management plc (LON:ADN) traded up 0.38% during midday trading on Friday, reaching GBX 341.70. 1,678,459 shares of the company were exchanged. Aberdeen Asset Management plc has a 52-week low of GBX 208.50 and a 52-week high of GBX 376.60. The firm’s 50 day moving average is GBX 329.45 and its 200-day moving average is GBX 298.48. The company’s market capitalization is GBX 4.39 billion.
In related news, insider Julie Chakraverty bought 3,042 shares of the business’s stock in a transaction on Monday, September 26th. The shares were purchased at an average price of GBX 326 ($4.26) per share, with a total value of £9,916.92 ($12,944.68). Also, insider Gilbert,Martin J sold 1,631,343 shares of the 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).
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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