Aberdeen Asset Management plc (ADN) Receives “Neutral” Rating from JPMorgan Chase & Co.
JPMorgan Chase & Co. restated their neutral rating on shares of Aberdeen Asset Management plc (LON:ADN) in a research report report published on Tuesday morning. The firm currently has a GBX 320 ($3.97) price objective on the stock.
ADN has been the subject of a number of other research reports. Citigroup Inc. reissued a sell rating on shares of Aberdeen Asset Management plc in a report on Friday, September 30th. Numis Securities Ltd reaffirmed a hold rating and issued a GBX 300 ($3.72) price objective on shares of Aberdeen Asset Management plc in a report on Friday, September 2nd. Beaufort Securities reaffirmed a buy rating on shares of Aberdeen Asset Management plc in a report on Tuesday, September 13th. Macquarie reaffirmed an underperform rating and issued a GBX 250 ($3.10) price objective on shares of Aberdeen Asset Management plc in a report on Friday, October 7th. Finally, BNP Paribas lifted their price objective on Aberdeen Asset Management plc from GBX 235 ($2.92) to GBX 260 ($3.23) and gave the stock an underperform rating in a report on Tuesday, October 11th. Eight analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of GBX 280.73 ($3.48).
Aberdeen Asset Management plc (LON:ADN) opened at 267.50 on Tuesday. 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 company’s market capitalization is GBX 3.44 billion.
WARNING: “Aberdeen Asset Management plc (ADN) Receives “Neutral” Rating from JPMorgan Chase & Co.” was first reported by Financial Market News and is the sole property of of Financial Market News. If you are reading this piece on another website, it was copied illegally and republished in violation of US & international copyright and trademark law. The legal version of this piece can be viewed at http://www.financial-market-news.com/aberdeen-asset-management-plc-adn-receives-neutral-rating-from-jpmorgan-chase-co/1210334/.
The company also recently announced a dividend, which will be paid on Thursday, February 9th. Investors of record on Thursday, December 8th will be given a GBX 12 ($0.15) dividend. This is an increase from Aberdeen Asset Management plc’s previous dividend of $7.50. This represents a dividend yield of 4.37%. The ex-dividend date is Thursday, December 8th.
In related news, insider Gilbert,Martin J sold 1,631,343 shares of the business’s stock in a transaction dated Thursday, September 15th. The stock was 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 firm’s stock in a transaction that occurred on Monday, September 26th. The stock was purchased at an average price 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.
Receive News & Ratings for Aberdeen Asset Management plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aberdeen Asset Management plc and related companies with MarketBeat.com's FREE daily email newsletter.