abrdn (LON:ABDN) Shares Up 2.2% – Here’s Why

abrdn plc (LON:ABDN)’s share price traded up 2.2% during trading on Thursday . The company traded as high as GBX 248.80 and last traded at GBX 248.60. 2,414,928 shares were traded during mid-day trading, a decline of 90% from the average session volume of 23,062,174 shares. The stock had previously closed at GBX 243.20.

Wall Street Analyst Weigh In

ABDN has been the subject of several research reports. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 210 target price on shares of abrdn in a research report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 270 price target on shares of abrdn in a research report on Friday, July 31st. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, abrdn presently has a consensus rating of “Hold” and a consensus price target of GBX 226.50.

abrdn Price Performance

The company has a 50 day simple moving average of GBX 247.44 and a 200 day simple moving average of GBX 227.53. The stock has a market cap of £4.45 billion, a P/E ratio of 11.89, a PEG ratio of 12.70 and a beta of 1.40. The company has a current ratio of 327.40, a quick ratio of 24.97 and a debt-to-equity ratio of 10.77.

abrdn (LON:ABDN) last issued its quarterly earnings results on Wednesday, July 29th. The company reported GBX 8.40 EPS for the quarter. abrdn had a return on equity of 7.37% and a net margin of 28.07%. Sell-side analysts forecast that abrdn plc will post 15.2266152 earnings per share for the current fiscal year.

Insider Buying and Selling at abrdn

In other abrdn news, insider Katie Bickerstaffe purchased 8,313 shares of the stock in a transaction that occurred on Thursday, July 30th. The shares were acquired at an average cost of GBX 240 per share, with a total value of £19,951.20. Corporate insiders own 0.96% of the company’s stock.

abrdn Company Profile

At Aberdeen, we believe investing is about more than numbers — it’s about ambitions, dreams, and the confidence to shape your future. From novice to expert, individual to institution, every day we work to help millions of people turn their financial goals into reality.

Whether they’re starting out, planning for retirement, advising others, or managing large portfolios, we partner with our customers and clients to ensure they have the tools and insight they need to navigate an ever-changing world.