abrdn plc (LON:ABDN) Given Average Recommendation of “Hold” by Analysts

Shares of abrdn plc (LON:ABDNGet Rating) have earned a consensus recommendation of “Hold” from the eight analysts that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is GBX 232.14 ($2.86).

A number of analysts have recently weighed in on the stock. Morgan Stanley dropped their target price on shares of abrdn from GBX 271 ($3.34) to GBX 225 ($2.77) and set an “underweight” rating for the company in a report on Tuesday, March 29th. Berenberg Bank dropped their target price on shares of abrdn from GBX 260 ($3.21) to GBX 195 ($2.40) and set a “hold” rating for the company in a report on Wednesday, May 11th. Royal Bank of Canada reiterated an “outperform” rating and set a GBX 125 ($1.54) target price on shares of abrdn in a report on Friday, May 13th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of abrdn from GBX 235 ($2.90) to GBX 210 ($2.59) and set a “hold” rating for the company in a report on Monday. Finally, Barclays restated an “equal weight” rating and issued a GBX 210 ($2.59) price objective on shares of abrdn in a report on Monday, May 9th.

Shares of abrdn stock traded up GBX 6.60 ($0.08) during trading on Friday, reaching GBX 185.50 ($2.29). 8,425,598 shares of the stock were exchanged, compared to its average volume of 6,050,084. The company has a quick ratio of 4.11, a current ratio of 7.14 and a debt-to-equity ratio of 11.85. The stock’s fifty day moving average is GBX 197.95 and its 200 day moving average is GBX 223.31. The firm has a market cap of £4.05 billion and a price-to-earnings ratio of 4.03. abrdn has a 1 year low of GBX 164.80 ($2.03) and a 1 year high of GBX 300.40 ($3.70).

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

In other abrdn news, insider Jonathan Asquith bought 50,865 shares of the firm’s stock in a transaction on Tuesday, March 1st. The stock was acquired at an average price of GBX 196 ($2.42) per share, with a total value of £99,695.40 ($122,898.67). Also, insider Stephanie Bruce purchased 40,000 shares of abrdn stock in a transaction that occurred on Thursday, March 3rd. The shares were purchased at an average cost of GBX 199 ($2.45) per share, with a total value of £79,600 ($98,126.23). Insiders have acquired 100,483 shares of company stock valued at $19,987,792 in the last ninety 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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Analyst Recommendations for abrdn (LON:ABDN)

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