Berenberg Bank Lowers abrdn (LON:ABDN) Price Target to GBX 195

abrdn (LON:ABDNGet Rating) had its target price decreased by investment analysts at Berenberg Bank from GBX 260 ($3.21) to GBX 195 ($2.40) in a research note issued to investors on Wednesday, MarketBeat Ratings reports. The brokerage presently has a “hold” rating on the stock. Berenberg Bank’s target price would suggest a potential upside of 9.03% from the company’s previous close.

ABDN has been the topic of a number of other reports. Citigroup reissued a “neutral” rating on shares of abrdn in a report on Tuesday, January 11th. Morgan Stanley cut their price objective on 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. Barclays reaffirmed an “equal weight” rating and set a GBX 210 ($2.59) target price on shares of abrdn in a report on Monday. Deutsche Bank Aktiengesellschaft upped their target price on abrdn from GBX 230 ($2.84) to GBX 235 ($2.90) and gave the company a “hold” rating in a research report on Thursday, March 24th. Finally, Royal Bank of Canada decreased their price objective on shares of abrdn from GBX 225 ($2.77) to GBX 185 ($2.28) and set an “underperform” rating for the company in a research note on Wednesday, April 20th. Two equities 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of GBX 246.25 ($3.04).

LON:ABDN opened at GBX 178.85 ($2.21) on Wednesday. The company has a current ratio of 7.14, a quick ratio of 4.11 and a debt-to-equity ratio of 11.85. abrdn has a twelve month low of GBX 164.80 ($2.03) and a twelve month high of GBX 300.40 ($3.70). The company has a market cap of £3.90 billion and a PE ratio of 3.88. The company’s 50 day moving average is GBX 197.84 and its two-hundred day moving average is GBX 225.81.

In other abrdn news, insider Douglas J. Flint purchased 9,618 shares of the business’s stock in a transaction that occurred on Friday, April 1st. The stock was purchased at an average price of GBX 214 ($2.64) per share, for a total transaction of £20,582.52 ($25,376.06). Also, insider Jonathan Asquith purchased 50,865 shares of the stock in a transaction on Tuesday, March 1st. The shares were acquired at an average price of GBX 196 ($2.42) per share, for a total transaction of £99,695.40 ($122,913.82). Over the last quarter, insiders purchased 100,483 shares of company stock valued at $19,987,792.

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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