abrdn (LON:ABDN) Stock Price Expected to Rise, Citigroup Analyst Says

abrdn (LON:ABDN) had its price objective hoisted by Citigroup from GBX 195 ($2.59) to GBX 200 ($2.65) in a note issued to investors on Thursday, Marketbeat reports. The brokerage currently has a “neutral” rating on the stock. Citigroup’s target price points to a potential upside of 2.49% from the company’s previous close.

A number of other equities analysts have also recently commented on the stock. Royal Bank Of Canada lifted their target price on shares of abrdn from GBX 130 ($1.73) to GBX 140 ($1.86) and gave the stock an “outperform” rating in a research report on Thursday, July 10th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of abrdn in a report on Tuesday. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of GBX 195.60 ($2.60).

abrdn Stock Down 2.7%

Shares of LON ABDN opened at GBX 195.15 ($2.59) on Thursday. The company has a quick ratio of 24.97, a current ratio of 225.80 and a debt-to-equity ratio of 12.25. The company has a market cap of £3.49 billion, a P/E ratio of 11.09, a P/E/G ratio of 12.70 and a beta of 1.25. abrdn has a 52 week low of GBX 120.80 ($1.60) and a 52 week high of GBX 206.60 ($2.74). The business has a 50-day simple moving average of GBX 189.36 and a two-hundred day simple moving average of GBX 166.69.

abrdn (LON:ABDN) last released its quarterly earnings results on Wednesday, July 30th. The company reported GBX 7.60 ($0.10) earnings per share for the quarter. abrdn had a return on equity of 6.46% and a net margin of 21.19%. Research analysts anticipate that abrdn will post 15.2266152 earnings per share for the current fiscal year.

About abrdn

Aberdeen is a Wealth & Investments group that connects investors to the expertise, tools, and solutions they need to grow and manage their wealth with confidence.

We are structured around three businesses – interactive investor, Adviser and Investments. As a diversified group, we have positioned ourselves for growth in a changing investment landscape.