Aberdeen Asset Management plc (LON:ADN) has been assigned an average recommendation of “Hold” from the eighteen analysts that are presently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is GBX 292.81 ($3.85).
Several equities analysts have weighed in on ADN shares. HSBC Holdings plc raised Aberdeen Asset Management plc to a “buy” rating and raised their price target for the stock from GBX 286 ($3.76) to GBX 350 ($4.60) in a research report on Friday, July 14th. Berenberg Bank started coverage on Aberdeen Asset Management plc in a research report on Thursday, June 15th. They set a “hold” rating and a GBX 290 ($3.81) price target for the company. Barclays PLC raised their price target on Aberdeen Asset Management plc from GBX 260 ($3.42) to GBX 285 ($3.75) and gave the stock an “underweight” rating in a research report on Thursday, July 20th. Jefferies Group LLC raised their price target on Aberdeen Asset Management plc from GBX 287 ($3.77) to GBX 302 ($3.97) and gave the stock a “hold” rating in a research report on Tuesday, July 11th. Finally, BNP Paribas reissued a “neutral” rating and set a GBX 300 ($3.94) price target on shares of Aberdeen Asset Management plc in a research report on Tuesday, July 18th.
Shares of Aberdeen Asset Management plc (LON:ADN) traded down 1.37% during mid-day trading on Wednesday, hitting GBX 317.60. The stock had a trading volume of 29,986,706 shares. The stock has a 50 day moving average price of GBX 316.68 and a 200-day moving average price of GBX 288.48. Aberdeen Asset Management plc has a 52-week low of GBX 244.40 and a 52-week high of GBX 354.40.
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About Aberdeen Asset Management plc
Aberdeen Asset Management PLC is a United Kingdom-based asset manager. The Company operates through asset management for reporting and control purposes. The Company is managed as a single asset management business, with multiple investment strategies of equities, fixed income and property, complemented by a solutions business, which provides multi asset, alternatives and quantitative investment capabilities.
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