abrdn (LON:ABDN) Reaches New 12-Month High After Analyst Upgrade

abrdn plc (LON:ABDN)’s stock price hit a new 52-week high on Friday after Citigroup raised their price target on the stock from GBX 200 to GBX 205. Citigroup currently has a hold rating on the stock. abrdn traded as high as GBX 207 ($2.79) and last traded at GBX 207 ($2.79), with a volume of 5407207 shares traded. The stock had previously closed at GBX 200.80 ($2.71).

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

abrdn Trading Up 3.1%

The stock has a 50 day moving average of GBX 194.15 and a 200-day moving average of GBX 177.76. The company has a market capitalization of £3.70 billion, a P/E ratio of 1,189.66, a P/E/G ratio of 12.70 and a beta of 1.25. 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 announced 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%. On average, research analysts predict that abrdn plc will post 15.2266152 EPS for the current 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.