abrdn plc (LON:ABDN) Given Average Recommendation of “Reduce” by Brokerages

abrdn plc (LON:ABDNGet Rating) has earned an average recommendation of “Reduce” from the seven ratings firms that are currently covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is GBX 171.67 ($2.07).

Several brokerages have recently commented on ABDN. Citigroup reaffirmed a “sell” rating on shares of abrdn in a research report on Thursday, August 11th. Deutsche Bank Aktiengesellschaft cut shares of abrdn to a “sell” rating and reduced their price target for the stock from GBX 175 ($2.11) to GBX 135 ($1.63) in a research report on Wednesday, September 14th. Royal Bank of Canada increased their price target on shares of 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. JPMorgan Chase & Co. reduced their price target on shares of abrdn from GBX 180 ($2.17) to GBX 175 ($2.11) and set a “neutral” rating on the stock in a research report on Wednesday, August 10th. Finally, Barclays increased their price target on shares of 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.

Insider Buying and Selling

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

abrdn Stock Performance

LON:ABDN opened at GBX 143.40 ($1.73) on Thursday. The company has a debt-to-equity ratio of 10.99, a current ratio of 35.78 and a quick ratio of 24.97. The firm has a 50-day moving average of GBX 156.34 and a two-hundred day moving average of GBX 176.61. The stock has a market cap of £3.08 billion and a P/E ratio of 531.11. abrdn has a 1-year low of GBX 140.85 ($1.70) and a 1-year high of GBX 265.30 ($3.21).

abrdn Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Tuesday, September 27th. Investors of record on Thursday, August 18th will be paid 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 (DPR) is 54.07%.

abrdn Company Profile

(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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Analyst Recommendations for abrdn (LON:ABDN)

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