abrdn (LON:ABDN) Price Target Raised to GBX 205 at Citigroup

abrdn (LON:ABDN) had its price objective lifted by Citigroup from GBX 200 to GBX 205 in a report issued on Thursday morning, Marketbeat.com reports. The firm currently has a hold rating on the stock.

ABDN has been the subject of a number of other reports. Jefferies Financial Group increased their price objective on abrdn from GBX 175 to GBX 180 and gave the stock a “hold” rating in a report on Friday, August 1st. Deutsche Bank Aktiengesellschaft increased their price objective on abrdn from GBX 210 to GBX 240 and gave the stock a “buy” rating in a report on Wednesday, July 30th. Royal Bank Of Canada raised abrdn to a “sector perform” rating and increased their price objective for the stock from GBX 140 to GBX 195 in a report on Wednesday, August 20th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating on shares of abrdn in a report on Tuesday, July 29th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of GBX 207.60.

abrdn Stock Up 1.3%

Shares of abrdn stock opened at GBX 200.80 on Thursday. abrdn has a twelve month low of GBX 120.80 and a twelve month high of GBX 206.80. The stock has a market capitalization of £3.59 billion, a price-to-earnings ratio of 1,154.02, a PEG ratio of 12.70 and a beta of 1.25. The business’s 50 day simple moving average is GBX 194.09 and its 200-day simple moving average is GBX 177.53. The company has a current ratio of 225.80, a quick ratio of 24.97 and a debt-to-equity ratio of 12.25.

abrdn (LON:ABDN) last issued its quarterly earnings data on Wednesday, July 30th. The company reported GBX 7.60 earnings per share (EPS) for the quarter. abrdn had a return on equity of 6.46% and a net margin of 21.19%. Equities research analysts forecast that abrdn will post 15.2266152 earnings per share for the current year.

abrdn Company Profile

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.