Royal Bank Of Canada Forecasts Strong Price Appreciation for abrdn (LON:ABDN) Stock

abrdn (LON:ABDN) had its price target boosted by investment analysts at Royal Bank Of Canada from GBX 195 to GBX 200 in a note issued to investors on Thursday, MarketBeat Ratings reports. The firm currently has a “buy” rating on the stock. Royal Bank Of Canada’s price objective indicates a potential downside of 1.77% from the company’s previous close.

ABDN has been the subject of several other reports. JPMorgan Chase & Co. raised their price target on abrdn from GBX 234 to GBX 242 and gave the company an “overweight” rating in a report on Thursday, October 23rd. Deutsche Bank Aktiengesellschaft reduced their price target on abrdn from GBX 245 to GBX 240 and set a “buy” rating for the company in a report on Wednesday, October 22nd. UBS Group restated a “sell” rating and set a GBX 175 price target on shares of abrdn in a report on Friday, October 17th. Jefferies Financial Group raised their price target on abrdn from GBX 180 to GBX 190 and gave the company a “hold” rating in a report on Monday, October 20th. Finally, Citigroup raised their price target on abrdn from GBX 205 to GBX 220 and gave the company a “neutral” rating in a report on Thursday, October 23rd. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of GBX 211.17.

abrdn Price Performance

ABDN opened at GBX 203.60 on Thursday. The stock has a fifty day simple moving average of GBX 196.88 and a two-hundred day simple moving average of GBX 185.84. The company has a current ratio of 225.80, a quick ratio of 24.97 and a debt-to-equity ratio of 12.25. The company has a market cap of £3.64 billion, a price-to-earnings ratio of 11.70, a price-to-earnings-growth ratio of 12.70 and a beta of 1.25. abrdn has a 12-month low of GBX 120.80 and a 12-month high of GBX 211.40.

abrdn (LON:ABDN) last posted 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%. Research analysts predict 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.