Insider Buying: abrdn (LON:ABDN) Insider Buys £197,641.50 in Stock

abrdn plc (LON:ABDN) insider Torbjörn Magnusson bought 80,670 shares of the business’s stock in a transaction that occurred on Monday, September 21st. The shares were acquired at an average cost of GBX 245 per share, for a total transaction of £197,641.50.

abrdn Stock Performance

Shares of ABDN stock opened at GBX 241 on Friday. The company has a quick ratio of 24.97, a current ratio of 327.40 and a debt-to-equity ratio of 10.77. abrdn plc has a 52 week low of GBX 179.60 and a 52 week high of GBX 265. The stock has a market capitalization of £4.32 billion, a PE ratio of 11.53, a P/E/G ratio of 12.70 and a beta of 1.40. The firm has a 50 day moving average of GBX 246.54 and a two-hundred day moving average of GBX 231.01.

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

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 270 price target on shares of abrdn in a research report on Friday, July 31st. Jefferies Financial Group reissued a “hold” rating and set a GBX 210 price objective on shares of abrdn in a research report on Thursday, July 30th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, abrdn has a consensus rating of “Hold” and an average target price of GBX 226.50.

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.