UBS Group Reiterates “Sell” Rating for abrdn (LON:ABDN)

abrdn (LON:ABDN)‘s stock had its “sell” rating restated by equities researchers at UBS Group in a report released on Friday, Marketbeat reports. They currently have a GBX 175 target price on the stock. UBS Group’s price target indicates a potential downside of 12.06% from the stock’s previous close.

ABDN has been the topic of several other research reports. Citigroup upped their price target on abrdn from GBX 200 to GBX 205 and gave the stock a “hold” rating in a report on Thursday, October 2nd. Deutsche Bank Aktiengesellschaft boosted their price objective on abrdn from GBX 240 to GBX 245 and gave the stock a “buy” rating in a research report on Friday, October 3rd. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of abrdn in a research note on Tuesday, July 29th. Jefferies Financial Group increased their price objective on shares of abrdn from GBX 175 to GBX 180 and gave the company a “hold” rating in a research report on Friday, August 1st. Finally, Royal Bank Of Canada raised shares of abrdn to a “sector perform” rating and lifted their price objective for the stock from GBX 140 to GBX 195 in a research report on Wednesday, August 20th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of GBX 203.

abrdn Trading Down 2.9%

LON ABDN opened at GBX 199 on Friday. The firm has a market cap of £3.56 billion, a price-to-earnings ratio of 1,143.68, a PEG ratio of 12.70 and a beta of 1.25. abrdn has a one year low of GBX 120.80 and a one year high of GBX 211.40. The company has a debt-to-equity ratio of 12.25, a quick ratio of 24.97 and a current ratio of 225.80. The firm has a 50 day simple moving average of GBX 195.66 and a 200-day simple moving average of GBX 180.81.

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