abrdn plc (LON:ABDN) Receives Average Rating of “Hold” from Analysts

abrdn plc (LON:ABDN – Get Rating) has received an average rating of “Hold” from the eight ratings firms that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is GBX 240.71 ($2.92).

A number of brokerages recently commented on ABDN. Berenberg Bank dropped their price target on abrdn from GBX 260 ($3.16) to GBX 195 ($2.37) and set a “hold” rating for the company in a research note on Wednesday, May 11th. Royal Bank of Canada reaffirmed an “underperform” rating and issued a GBX 185 ($2.25) price objective on shares of abrdn in a research note on Friday, May 27th. Deutsche Bank Aktiengesellschaft lowered their price objective on abrdn from GBX 235 ($2.85) to GBX 210 ($2.55) and set a “hold” rating for the company in a research note on Monday, May 16th. Barclays reaffirmed an “equal weight” rating and issued a GBX 210 ($2.55) price objective on shares of abrdn in a research note on Monday, May 23rd. Finally, Morgan Stanley lowered their price objective on abrdn from GBX 271 ($3.29) to GBX 225 ($2.73) and set an “underweight” rating for the company in a research note on Tuesday, March 29th.

In other news, insider Douglas J. Flint acquired 9,618 shares of abrdn stock in a transaction on Friday, April 1st. The shares were bought at an average cost of GBX 214 ($2.60) per share, for a total transaction of £20,582.52 ($24,981.82).

Shares of abrdn stock opened at GBX 168.50 ($2.05) on Tuesday. The stock has a 50 day moving average of GBX 191.96 and a 200 day moving average of GBX 214.87. abrdn has a 12 month low of GBX 164.80 ($2.00) and a 12 month high of GBX 300.40 ($3.65). The firm has a market cap of £3.67 billion and a PE ratio of 3.64. The company has a current ratio of 7.14, a quick ratio of 4.11 and a debt-to-equity ratio of 11.85.

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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