abrdn (LON:ABDN) Rating Reiterated by Barclays

abrdn (LON:ABDN – Get Rating)‘s stock had its “equal weight” rating restated by analysts at Barclays in a report issued on Monday, Marketbeat Ratings reports. They currently have a GBX 210 ($2.64) target price on the stock. Barclays‘s target price would indicate a potential upside of 10.82% from the company’s previous close.

Several other equities research analysts have also commented on ABDN. Berenberg Bank cut their target price on abrdn from GBX 260 ($3.27) to GBX 195 ($2.45) and set a “hold” rating on the stock in a research report on Wednesday, May 11th. Royal Bank of Canada restated an “outperform” rating and set a GBX 125 ($1.57) price target on shares of abrdn in a report on Friday, May 13th. Morgan Stanley dropped their target price on shares of abrdn from GBX 271 ($3.41) to GBX 225 ($2.83) and set an “underweight” rating on the stock in a research report on Tuesday, March 29th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of abrdn from GBX 235 ($2.96) to GBX 210 ($2.64) and set a “hold” rating for the company in a report on Monday, May 16th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, abrdn presently has a consensus rating of “Hold” and a consensus target price of GBX 235.63 ($2.96).

Shares of ABDN opened at GBX 189.50 ($2.38) on Monday. The company has a current ratio of 7.14, a quick ratio of 4.11 and a debt-to-equity ratio of 11.85. The firm’s fifty day simple moving average is GBX 197.71 and its two-hundred day simple moving average is GBX 222.39. abrdn has a 12 month low of GBX 164.80 ($2.07) and a 12 month high of GBX 300.40 ($3.78). The stock has a market capitalization of £4.13 billion and a P/E ratio of 4.13.

In other news, insider Douglas J. Flint acquired 9,618 shares of the business’s stock in a transaction on Friday, April 1st. The shares were purchased at an average cost of GBX 214 ($2.69) per share, with a total value of £20,582.52 ($25,899.74). Also, insider Stephanie Bruce bought 40,000 shares of the stock in a transaction dated Thursday, March 3rd. The stock was purchased at an average price of GBX 199 ($2.50) per share, with a total value of £79,600 ($100,163.58). Insiders have acquired a total of 100,483 shares of company stock valued at $19,987,792 over the last three months.

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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