Citigroup Boosts abrdn (LON:ABDN) Price Target to GBX 172

abrdn (LON:ABDN) had its price objective hoisted by Citigroup from GBX 140 ($1.80) to GBX 172 ($2.22) in a research note issued to investors on Thursday,London Stock Exchange reports. The brokerage presently has a “neutral” rating on the stock. Citigroup’s price target points to a potential downside of 2.24% from the stock’s current price.

abrdn Stock Performance

Shares of LON ABDN traded up GBX 3.10 ($0.04) during trading hours on Thursday, reaching GBX 175.95 ($2.27). The stock had a trading volume of 9,191,007 shares, compared to its average volume of 6,811,379. The firm has a 50-day moving average of GBX 149.35 and a 200-day moving average of GBX 148. The firm has a market cap of £3.15 billion, a price-to-earnings ratio of 10.00, a PEG ratio of 12.70 and a beta of 1.25. The company has a current ratio of 225.80, a quick ratio of 24.97 and a debt-to-equity ratio of 12.25. abrdn has a fifty-two week low of GBX 130.50 ($1.68) and a fifty-two week high of GBX 186.48 ($2.40).

abrdn (LON:ABDN) last announced its earnings results on Tuesday, March 4th. The company reported GBX 15.20 ($0.20) EPS for the quarter. abrdn had a net margin of 21.19% and a return on equity of 6.46%. Equities research analysts predict that abrdn will post 15.2266152 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Jason Windsor purchased 357,635 shares of the company’s stock in a transaction dated Wednesday, December 18th. The shares were acquired at an average cost of GBX 139 ($1.79) per share, for a total transaction of £497,112.65 ($640,774.23). 2.41% of the stock is owned by insiders.

abrdn Company Profile

abrdn is a global investment company that helps clients and customers plan, save, and invest for the future.

Our purpose is to enable our clients to be better investors.

Our strategy is to deliver client-led growth. We are structured around three businesses – Investments, Adviser and interactive investor – focused on the changing needs of our clients.

The capabilities in our Investments business are built on the strength of our insight – generated from wide-ranging research, worldwide investment expertise and local market knowledge.

Our Adviser business provides financial planning solutions and technology for UK financial advisers, enabling them to create value for their businesses and their clients.

interactive investor, the UK’s second largest direct-to-consumer investment platform, enables individuals in the UK to plan, save and invest in the way that works for them.

abrdn.com

The value of investments and the income from them can go down as well as up and investors may get back less than the amount invested.