Shore Capital Reaffirms “Sell” Rating for Aberdeen Asset Management plc (ADN)
Other equities research analysts have also issued research reports about the stock. Beaufort Securities reissued a buy rating on shares of Aberdeen Asset Management plc in a research note on Tuesday, September 13th. Numis Securities Ltd reissued a hold rating and set a GBX 300 ($3.72) target price on shares of Aberdeen Asset Management plc in a research note on Friday, September 2nd. Liberum Capital lifted their target price on shares of Aberdeen Asset Management plc from GBX 243 ($3.01) to GBX 323 ($4.01) and gave the company a hold rating in a research note on Friday, October 7th. Peel Hunt reissued a hold rating and set a GBX 330 ($4.09) target price on shares of Aberdeen Asset Management plc in a research note on Monday. Finally, JPMorgan Chase & Co. lifted their target price on shares of Aberdeen Asset Management plc from GBX 270 ($3.35) to GBX 320 ($3.97) and gave the company a neutral rating in a research note on Tuesday, September 13th. Eight investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. Aberdeen Asset Management plc has a consensus rating of Hold and a consensus price target of GBX 279.73 ($3.47).
Shares of Aberdeen Asset Management plc (LON:ADN) opened at 268.00 on Monday. The firm’s market capitalization is GBX 3.44 billion. The stock’s 50 day moving average price is GBX 309.25 and its 200 day moving average price is GBX 305.75. Aberdeen Asset Management plc has a 52 week low of GBX 208.50 and a 52 week high of GBX 354.40.
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The firm also recently announced a dividend, which will be paid on Thursday, February 9th. Investors of record on Thursday, December 8th will be paid a GBX 12 ($0.15) dividend. The ex-dividend date is Thursday, December 8th. This represents a yield of 4.37%. This is a boost from Aberdeen Asset Management plc’s previous dividend of $7.50.
In other Aberdeen Asset Management plc news, insider Julie Chakraverty bought 3,042 shares of the stock in a transaction that occurred on Monday, September 26th. The shares were acquired at an average price of GBX 326 ($4.04) per share, with a total value of £9,916.92 ($12,302.34). Also, 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 ($4.03), for a total transaction of £5,301,864.75 ($6,577,179.94).
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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