Aberdeen Asset Management plc (ADN) Price Target Cut to GBX 240 by Analysts at BNP Paribas
Aberdeen Asset Management plc (LON:ADN) had its target price reduced by BNP Paribas from GBX 260 ($3.23) to GBX 240 ($2.98) in a report issued on Tuesday morning. They currently have an underperform rating on the stock.
A number of other research analysts have also issued reports on the stock. Macquarie lowered shares of Aberdeen Asset Management plc to an underperform rating and set a GBX 250 ($3.10) price target on the stock. in a research note on Monday, October 17th. Jefferies Group lowered shares of Aberdeen Asset Management plc to an underweight rating and boosted their price target for the stock from GBX 240 ($2.98) to GBX 254 ($3.15) in a research note on Thursday, October 20th. Royal Bank Of Canada lowered shares of Aberdeen Asset Management plc to an underperform rating and boosted their price target for the stock from GBX 305 ($3.78) to GBX 320 ($3.97) in a research note on Thursday, October 6th. Citigroup Inc. reiterated a sell rating on shares of Aberdeen Asset Management plc in a research note on Friday, September 30th. Finally, Goldman Sachs Group Inc. reiterated a sell rating and set a GBX 300 ($3.72) price target (down from GBX 340 ($4.22)) on shares of Aberdeen Asset Management plc in a research note on Tuesday, September 27th. Eight equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of GBX 280.73 ($3.48).
Shares of Aberdeen Asset Management plc (LON:ADN) opened at 267.50 on Tuesday. The stock’s 50 day moving average is GBX 309.25 and its 200 day moving average is GBX 305.75. Aberdeen Asset Management plc has a 52-week low of GBX 208.50 and a 52-week high of GBX 354.40. The stock’s market cap is GBX 3.44 billion.
The business also recently declared a dividend, which will be paid on Thursday, February 9th. Shareholders of record on Thursday, December 8th will be paid a dividend of GBX 12 ($0.15) per share. The ex-dividend date of this dividend is Thursday, December 8th. This represents a yield of 4.37%. This is an increase from Aberdeen Asset Management plc’s previous dividend of $7.50.
In other Aberdeen Asset Management plc news, insider Gilbert,Martin J sold 1,631,343 shares of the 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 transaction of £5,301,864.75 ($6,577,179.94). Also, insider Julie Chakraverty purchased 3,042 shares of the business’s stock in a transaction on Monday, September 26th. The shares were bought at an average cost of GBX 326 ($4.04) per share, for a total transaction of £9,916.92 ($12,302.34).
Aberdeen Asset Management plc Company Profile
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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