abrdn (LON:ABDN) Lowered to Sell at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft cut shares of abrdn (LON:ABDNGet Rating) to a sell rating in a research report released on Wednesday morning, MarketBeat Ratings reports. Deutsche Bank Aktiengesellschaft currently has GBX 135 ($1.63) price target on the stock, down from their previous price target of GBX 175 ($2.11).

A number of other analysts also recently commented on the company. Barclays raised their price objective on abrdn from GBX 140 ($1.69) to GBX 150 ($1.81) and gave the stock an underweight rating in a research report on Wednesday, August 10th. Citigroup reiterated a sell rating on shares of abrdn in a research report on Thursday, August 11th. JPMorgan Chase & Co. reduced their price objective on abrdn from GBX 180 ($2.17) to GBX 175 ($2.11) and set a neutral rating for the company in a research report on Wednesday, August 10th. Finally, Royal Bank of Canada raised their target price on abrdn from GBX 145 ($1.75) to GBX 150 ($1.81) and gave the stock an underperform rating in a research report on Tuesday, August 16th. Five analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of Reduce and a consensus price target of GBX 168.57 ($2.04).

abrdn Price Performance

Shares of ABDN stock opened at GBX 144.90 ($1.75) on Wednesday. The stock has a 50 day moving average of GBX 157.81 and a two-hundred day moving average of GBX 178.34. The company has a current ratio of 35.78, a quick ratio of 24.97 and a debt-to-equity ratio of 10.99. abrdn has a 12 month low of GBX 140.85 ($1.70) and a 12 month high of GBX 265.30 ($3.21). The company has a market capitalization of £3.11 billion and a P/E ratio of 527.04.

abrdn Dividend Announcement

The firm also recently declared a dividend, which will be paid on Tuesday, September 27th. Investors of record on Thursday, August 18th will be issued a dividend of GBX 7.30 ($0.09) per share. The ex-dividend date is Thursday, August 18th. This represents a yield of 4.22%. abrdn’s dividend payout ratio is 54.07%.

Insider Activity at abrdn

In other abrdn news, insider Stephanie Bruce purchased 66,709 shares of the company’s stock in a transaction that occurred on Monday, September 5th. The stock was purchased at an average cost of GBX 148 ($1.79) per share, with a total value of ¬£98,729.32 ($119,295.94).

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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