abrdn (LON:ABDN) Given New GBX 195 Price Target at Berenberg Bank

abrdn (LON:ABDNGet Rating) had its target price reduced by Berenberg Bank from GBX 260 ($3.21) to GBX 195 ($2.40) in a research report released on Wednesday morning, MarketBeat reports. They currently have a hold rating on the stock.

A number of other equities analysts also recently issued reports on ABDN. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of abrdn from GBX 230 ($2.84) to GBX 235 ($2.90) and gave the stock a hold rating in a report on Thursday, March 24th. Barclays reissued an equal weight rating and issued a GBX 210 ($2.59) price target on shares of abrdn in a report on Monday. Royal Bank of Canada cut their price target on shares of abrdn from GBX 225 ($2.77) to GBX 185 ($2.28) and set an underperform rating on the stock in a report on Wednesday, April 20th. Morgan Stanley cut their price target on shares of abrdn from GBX 271 ($3.34) to GBX 225 ($2.77) and set an underweight rating on the stock in a report on Tuesday, March 29th. Finally, Citigroup reissued a neutral rating on shares of abrdn in a report on Tuesday, January 11th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus price target of GBX 246.25 ($3.04).

ABDN opened at GBX 178.35 ($2.20) on Wednesday. The company has a debt-to-equity ratio of 11.85, a current ratio of 7.14 and a quick ratio of 4.11. The company has a market capitalization of £3.89 billion and a price-to-earnings ratio of 3.89. The firm’s fifty day moving average price is GBX 197.84 and its two-hundred day moving average price is GBX 225.81. abrdn has a 1 year low of GBX 164.80 ($2.03) and a 1 year high of GBX 300.40 ($3.70).

The company also recently disclosed a dividend, which will be paid on Tuesday, May 24th. Investors of record on Thursday, April 7th will be paid a GBX 7.30 ($0.09) dividend. This represents a yield of 3.53%. The ex-dividend date is Thursday, April 7th. abrdn’s dividend payout ratio is currently 0.32%.

In related news, insider Stephanie Bruce purchased 40,000 shares of the firm’s stock in a transaction dated Thursday, March 3rd. The shares were purchased at an average cost of GBX 199 ($2.45) per share, for a total transaction of £79,600 ($98,138.33). Also, insider Douglas J. Flint purchased 9,618 shares of the firm’s stock in a transaction dated Friday, April 1st. The shares were bought at an average price of GBX 214 ($2.64) per share, for a total transaction of £20,582.52 ($25,376.06). Insiders purchased a total of 100,483 shares of company stock worth $19,987,792 over the last 90 days.

About abrdn (Get Rating)

abrdn plc provides asset management services in the United Kingdom, Europe, North America, and Asia. The company offers investment solutions and funds; long-term savings and investment products to individual and corporate customers; and life insurance and savings products. It provides its products through institutional, wholesale, and retail distribution channels.

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