Numis Securities Ltd Reiterates Hold Rating for Aberdeen Asset Management plc (ADN)
Aberdeen Asset Management plc (LON:ADN)‘s stock had its “hold” rating reaffirmed by equities researchers at Numis Securities Ltd in a research note issued to investors on Tuesday. They presently have a GBX 265 ($3.29) price target on the stock, down from their prior price target of GBX 285 ($3.54). Numis Securities Ltd’s price objective indicates a potential downside of 1.45% from the company’s current price.
ADN has been the subject of several other reports. Citigroup Inc. reiterated a “sell” rating on shares of Aberdeen Asset Management plc in a research note on Friday, September 30th. Beaufort Securities reiterated a “buy” rating on shares of Aberdeen Asset Management plc in a research note on Tuesday, September 13th. Macquarie reiterated an “underperform” rating and issued a GBX 250 ($3.10) target price on shares of Aberdeen Asset Management plc in a research note on Friday, October 7th. BNP Paribas raised their target price on shares of Aberdeen Asset Management plc from GBX 235 ($2.92) to GBX 260 ($3.23) and gave the company an “underperform” rating in a research note on Tuesday, October 11th. Finally, Jefferies Group downgraded shares of Aberdeen Asset Management plc to an “underweight” rating and raised their target price for the company from GBX 240 ($2.98) to GBX 254 ($3.15) in a research note on Thursday, October 20th. Eight analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. Aberdeen Asset Management plc presently has an average rating of “Hold” and an average target price of GBX 281.40 ($3.49).
Aberdeen Asset Management plc (LON:ADN) traded down 2.55% during midday trading on Tuesday, reaching GBX 267.80. The company’s stock had a trading volume of 8,971,426 shares. The firm’s market cap is GBX 3.44 billion. Aberdeen Asset Management plc has a 52 week low of GBX 208.50 and a 52 week high of GBX 354.40. The firm has a 50 day moving average price of GBX 309.25 and a 200-day moving average price of GBX 305.75.
The business also recently announced a dividend, which will be paid on Thursday, February 9th. Shareholders of record on Thursday, December 8th will be given a GBX 12 ($0.15) dividend. The ex-dividend date is Thursday, December 8th. This represents a yield of 4.37%. This is a positive change from Aberdeen Asset Management plc’s previous dividend of $7.50.
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In other Aberdeen Asset Management plc news, insider Gilbert,Martin J sold 1,631,343 shares of the firm’s stock in a transaction that occurred on Thursday, September 15th. The shares were sold at an average price of GBX 325 ($4.03), for a total value of £5,301,864.75 ($6,577,179.94). Also, insider Julie Chakraverty bought 3,042 shares of the business’s stock in a transaction on Monday, September 26th. The stock was bought at an average price of GBX 326 ($4.04) per share, for a total transaction of £9,916.92 ($12,302.34).
About Aberdeen Asset Management plc
Aberdeen Asset Management PLC is a United Kingdom-based global asset management company engaged in the active management of financial assets. It manages assets for both institutional and retail clients. The Company’s institutional clients include pension funds, corporates, sovereign wealth funds, government agencies and insurance companies.
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