abrdn (LON:ABDN) Stock Price Crosses Below 200-Day Moving Average – Should You Sell?

abrdn plc (LON:ABDN) shares crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of GBX 228.96 and traded as low as GBX 227.80. abrdn shares last traded at GBX 228.40, with a volume of 2,551,326 shares traded.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Deutsche Bank reiterated a “buy” rating and set a GBX 270 price target on shares of abrdn in a research report on Friday, July 31st. Jefferies Financial Group restated a “hold” rating and issued a GBX 210 price objective on shares of abrdn in a report on Thursday, July 30th. Two 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 stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of GBX 226.50.

abrdn Stock Performance

The company has a debt-to-equity ratio of 10.77, a current ratio of 327.40 and a quick ratio of 24.97. The stock has a market cap of £4.09 billion, a PE ratio of 10.93, a price-to-earnings-growth ratio of 12.70 and a beta of 1.40. The business has a 50 day moving average price of GBX 236.31 and a two-hundred day moving average price of GBX 228.96.

Insiders Place Their Bets

In other news, insider Torbjörn Magnusson purchased 90,190 shares of the stock in a transaction that occurred on Friday, October 30th. The stock was bought at an average cost of GBX 222 per share, for a total transaction of £200,221.80. Also, insider Katie Bickerstaffe purchased 9,033 shares of the company’s stock in a transaction on Friday, October 23rd. The shares were purchased at an average cost of GBX 215 per share, with a total value of £19,420.95. Insiders have purchased a total of 179,893 shares of company stock valued at $41,728,425 over the last quarter. 0.69% of the stock is currently owned by company insiders.

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.