abrdn (LON:ABDN) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s Why

abrdn plc (LON:ABDN) shares crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of GBX 228.64 and traded as high as GBX 231. abrdn shares last traded at GBX 230.60, with a volume of 3,564,783 shares traded.

Analyst Upgrades and Downgrades

Several brokerages have commented on ABDN. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 210 target price on shares of abrdn in a research note on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 270 price target on shares of abrdn in a research note on Friday, July 31st. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of GBX 226.50.

abrdn Price Performance

The firm has a market capitalization of £4.16 billion, a P/E ratio of 11.11, a P/E/G ratio of 12.70 and a beta of 1.40. The company has a 50 day moving average of GBX 239.12 and a 200-day moving average of GBX 228.64. The company has a current ratio of 327.40, a quick ratio of 24.97 and a debt-to-equity ratio of 10.77.

Insiders Place Their Bets

In other news, insider Katie Bickerstaffe acquired 9,033 shares of the stock in a transaction on Friday, October 23rd. The stock was acquired at an average cost of GBX 215 per share, for a total transaction of £19,420.95. Also, insider Torbjörn Magnusson acquired 90,190 shares of abrdn stock in a transaction that occurred on Friday, October 30th. The stock was acquired at an average cost of GBX 222 per share, for a total transaction of £200,221.80. In the last 90 days, insiders have acquired 179,893 shares of company stock worth $41,728,425. Corporate insiders own 0.71% of the company’s stock.

About abrdn

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.