abrdn plc (OTCMKTS:SLFPF) Given Average Recommendation of “Strong Sell” by Brokerages

Shares of abrdn plc (OTCMKTS:SLFPF) have received a consensus rating of “Strong Sell” from the eight analysts that are covering the company, MarketBeat.com reports. Six analysts have rated the stock with a sell rating and two have issued a hold rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $3.92.

A number of research firms recently weighed in on SLFPF. Morgan Stanley lowered their target price on shares of abrdn from GBX 213 ($2.68) to GBX 177 ($2.23) in a research note on Thursday, August 10th. JPMorgan Chase & Co. reduced their price target on shares of abrdn from GBX 200 ($2.52) to GBX 181 ($2.28) in a research report on Wednesday, August 16th. Panmure Gordon lowered shares of abrdn from a “buy” rating to a “hold” rating in a research report on Wednesday, July 5th. Barclays boosted their price target on shares of abrdn from GBX 185 ($2.33) to GBX 190 ($2.40) in a research report on Thursday, August 10th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of abrdn from GBX 165 ($2.08) to GBX 145 ($1.83) in a research report on Tuesday.

abrdn Price Performance

OTCMKTS SLFPF opened at $2.02 on Friday. The company’s 50-day simple moving average is $2.64 and its 200 day simple moving average is $2.57. abrdn has a twelve month low of $1.35 and a twelve month high of $3.06.

About abrdn

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.