abrdn (LON:ABDN) Price Target Raised to GBX 205

abrdn (LON:ABDN) had its price target boosted by Citigroup from GBX 200 to GBX 205 in a research report sent to investors on Thursday morning, MarketBeat Ratings reports. The firm currently has a hold rating on the stock.

Several other brokerages have also issued reports on ABDN. Royal Bank Of Canada raised abrdn to a “sector perform” rating and raised their target price for the stock from GBX 140 to GBX 195 in a research report on Wednesday, August 20th. Deutsche Bank Aktiengesellschaft raised their price target on shares of abrdn from GBX 210 to GBX 240 and gave the stock a “buy” rating in a report on Wednesday, July 30th. JPMorgan Chase & Co. restated an “overweight” rating on shares of abrdn in a report on Tuesday, July 29th. Finally, Jefferies Financial Group upped their target price on shares of abrdn from GBX 175 to GBX 180 and gave the stock a “hold” rating in a report on Friday, August 1st. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, abrdn has a consensus rating of “Hold” and an average target price of GBX 207.60.

abrdn Price Performance

abrdn stock opened at GBX 207 on Thursday. abrdn has a 1 year low of GBX 120.80 and a 1 year high of GBX 207. The firm has a market capitalization of £3.70 billion, a P/E ratio of 1,189.66, a PEG ratio of 12.70 and a beta of 1.25. The business has a 50-day moving average of GBX 194.15 and a 200-day moving average of GBX 177.78. 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 (LON:ABDN) last posted its quarterly earnings results on Wednesday, July 30th. The company reported GBX 7.60 EPS for the quarter. abrdn had a return on equity of 6.46% and a net margin of 21.19%. On average, equities analysts anticipate that abrdn will post 15.2266152 EPS for the current year.

About abrdn

Aberdeen is a Wealth & Investments group that connects investors to the expertise, tools, and solutions they need to grow and manage their wealth with confidence.

We are structured around three businesses – interactive investor, Adviser and Investments. As a diversified group, we have positioned ourselves for growth in a changing investment landscape.