abrdn (LON:ABDN) Reaches New 52-Week Low at $163.85

abrdn plc (LON:ABDNGet Rating)’s share price hit a new 52-week low during trading on Wednesday . The company traded as low as GBX 163.85 ($1.99) and last traded at GBX 166.50 ($2.02), with a volume of 3451755 shares trading hands. The stock had previously closed at GBX 169.40 ($2.06).

ABDN has been the subject of a number of research reports. Morgan Stanley dropped their price target 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. Berenberg Bank decreased their price objective on abrdn from GBX 260 ($3.16) to GBX 195 ($2.37) and set a “hold” rating on the stock in a research report on Wednesday, May 11th. Deutsche Bank Aktiengesellschaft decreased their price objective on abrdn from GBX 235 ($2.85) to GBX 210 ($2.55) and set a “hold” rating on the stock in a research report on Monday, May 16th. Royal Bank of Canada restated an “underperform” rating and set a GBX 185 ($2.25) price objective on shares of abrdn in a research report on Friday, May 27th. Finally, Barclays restated an “equal weight” rating and set a GBX 210 ($2.55) price objective on shares of abrdn in a research report on Monday, May 23rd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of GBX 243.13 ($2.95).

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 firm has a fifty day moving average price of GBX 191.03 and a two-hundred day moving average price of GBX 214.54. The stock has a market capitalization of £3.64 billion and a PE ratio of 3.68.

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

About abrdn (LON:ABDN)

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.

Featured Articles

Receive News & Ratings for abrdn Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for abrdn and related companies with MarketBeat.com's FREE daily email newsletter.