Morgan Stanley Cuts abrdn (OTCMKTS:SLFPF) Price Target to GBX 168

abrdn (OTCMKTS:SLFPFGet Rating) had its price objective reduced by Morgan Stanley from GBX 186 ($2.24) to GBX 168 ($2.02) in a note issued to investors on Wednesday, The Fly reports.

Several other equities analysts have also weighed in on SLFPF. The Goldman Sachs Group started coverage on abrdn in a report on Tuesday, July 19th. They set a “neutral” rating for the company. Citigroup cut abrdn from a “neutral” rating to a “sell” rating in a research note on Friday, July 1st. Deutsche Bank Aktiengesellschaft cut their target price on abrdn from GBX 235 ($2.83) to GBX 210 ($2.53) in a research note on Tuesday, May 17th. HSBC cut abrdn from a “buy” rating to a “hold” rating in a research report on Wednesday, July 13th. Finally, Barclays cut abrdn from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, July 13th. Five equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $200.75.

abrdn Price Performance

SLFPF stock opened at $1.88 on Wednesday. The stock’s 50 day simple moving average is $2.03 and its 200 day simple moving average is $2.54. abrdn has a fifty-two week low of $1.85 and a fifty-two week high of $4.90.

About abrdn

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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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