Todays Report: Today, Numis Securities Ltd Downgraded Aberdeen Asset Management plc (ADN) Price Target to GBX 285

Today, Numis Securities Ltd Downgraded Aberdeen Asset Management plc (ADN) Price Target to GBX 285

Aberdeen Asset Management plc (LON:ADN) had its target price cut by stock analysts at Numis Securities Ltd from GBX 300 ($3.75) to GBX 285 ($3.56) in a report released on Wednesday. The firm currently has a “hold” rating on the stock. Numis Securities Ltd’s price target would indicate a potential downside of 1.18% from the stock’s previous close.

A number of other research analysts have also recently commented on ADN. JPMorgan Chase & Co. upped their price objective on Aberdeen Asset Management plc from GBX 235 ($2.94) to GBX 270 ($3.37) and gave the company a “neutral” rating in a report on Tuesday, July 26th. BNP Paribas reissued an “underperform” rating and issued a GBX 230 ($2.87) target price on shares of Aberdeen Asset Management plc in a research report on Tuesday, July 26th. Barclays PLC reissued an “underweight” rating and issued a GBX 270 ($3.37) target price on shares of Aberdeen Asset Management plc in a research report on Wednesday, July 27th. Beaufort Securities reissued a “buy” rating on shares of Aberdeen Asset Management plc in a research report on Tuesday, September 13th. Finally, Goldman Sachs Group Inc. reissued a “sell” rating and issued a GBX 300 ($3.75) target price (down previously from GBX 340 ($4.25)) on shares of Aberdeen Asset Management plc in a research report on Tuesday, September 27th. Eight analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. Aberdeen Asset Management plc has a consensus rating of “Hold” and an average price target of GBX 283.29 ($3.54).

Shares of Aberdeen Asset Management plc (LON:ADN) opened at 287.73 on Wednesday. The stock has a 50 day moving average price of GBX 313.48 and a 200-day moving average price of GBX 305.25. Aberdeen Asset Management plc has a 52-week low of GBX 208.50 and a 52-week high of GBX 354.40. The firm’s market cap is GBX 3.70 billion.

In other Aberdeen Asset Management plc news, insider Gilbert,Martin J sold 1,631,343 shares of the company’s stock in a transaction on Thursday, September 15th. The shares were sold at an average price of GBX 325 ($4.06), for a total value of £5,301,864.75 ($6,624,018.93). Also, insider Julie Chakraverty acquired 3,042 shares of the firm’s stock in a transaction on Monday, September 26th. The stock was bought at an average price of GBX 326 ($4.07) per share, with a total value of £9,916.92 ($12,389.96).

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