Aberdeen Asset Management plc (LON:ADN) Earns “Neutral” Rating from BNP Paribas
Aberdeen Asset Management plc (LON:ADN)‘s stock had its “neutral” rating reiterated by analysts at BNP Paribas in a research report issued to clients and investors on Tuesday. They presently have a GBX 300 ($3.92) target price on the stock. BNP Paribas’ target price points to a potential downside of 4.67% from the company’s previous close.
A number of other brokerages also recently issued reports on ADN. HSBC Holdings plc upgraded Aberdeen Asset Management plc to a “buy” rating and raised their price objective for the stock from GBX 286 ($3.73) to GBX 350 ($4.57) in a research report on Friday. Jefferies Group LLC raised their target price on Aberdeen Asset Management plc from GBX 287 ($3.75) to GBX 302 ($3.94) and gave the stock a “hold” rating in a research note on Tuesday, July 11th. Macquarie reaffirmed a “neutral” rating and set a GBX 271 ($3.54) target price on shares of Aberdeen Asset Management plc in a research note on Monday, May 15th. Berenberg Bank assumed coverage on Aberdeen Asset Management plc in a research note on Thursday, June 15th. They set a “hold” rating and a GBX 290 ($3.79) target price for the company. Finally, Numis Securities Ltd cut Aberdeen Asset Management plc to an “add” rating and raised their target price for the stock from GBX 332 ($4.34) to GBX 338 ($4.41) in a research note on Thursday, May 4th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of GBX 291.25 ($3.80).
Aberdeen Asset Management plc (ADN) opened at 317.10 on Tuesday. The stock’s 50 day moving average price is GBX 292.77 and its 200 day moving average price is GBX 275.91. The firm’s market capitalization is GBX 4.08 billion. Aberdeen Asset Management plc has a 52-week low of GBX 244.40 and a 52-week high of GBX 354.40.
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Aberdeen Asset Management plc Company Profile
Aberdeen Asset Management PLC is a United Kingdom-based asset manager. The Company operates through asset management for reporting and control purposes. The Company is managed as a single asset management business, with multiple investment strategies of equities, fixed income and property, complemented by a solutions business, which provides multi asset, alternatives and quantitative investment capabilities.
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