Todays Report: The Aberdeen Asset Management plc (ADN) Earns Underperform Rating from Macquarie

The Aberdeen Asset Management plc (ADN) Earns Underperform Rating from Macquarie

Macquarie reissued their underperform rating on shares of Aberdeen Asset Management plc (LON:ADN) in a report released on Friday morning. They currently have a GBX 250 ($3.09) price objective on the stock.

Other equities research analysts also recently issued research reports about the company. Beaufort Securities reiterated a buy rating on shares of Aberdeen Asset Management plc in a research report on Tuesday, September 13th. Numis Securities Ltd increased their price objective on Aberdeen Asset Management plc from GBX 279 ($3.45) to GBX 300 ($3.71) and gave the company a hold rating in a research report on Monday, July 25th. Jefferies Group cut their price objective on Aberdeen Asset Management plc from GBX 253 ($3.13) to GBX 240 ($2.97) and set a hold rating for the company in a research report on Wednesday, July 6th. Peel Hunt downgraded Aberdeen Asset Management plc to a hold rating and set a GBX 330 ($4.08) price objective for the company. in a research report on Monday, July 25th. Finally, Liberum Capital increased their price objective on Aberdeen Asset Management plc from GBX 243 ($3.01) to GBX 323 ($4.00) and gave the company a hold rating in a research report on Friday, October 7th. Seven analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of Hold and an average target price of GBX 283.36 ($3.51).

Shares of Aberdeen Asset Management plc (LON:ADN) opened at 331.10 on Friday. The stock has a 50 day moving average price of GBX 330.71 and a 200-day moving average price of GBX 300.29. Aberdeen Asset Management plc has a 12 month low of GBX 208.50 and a 12 month high of GBX 376.60. The stock’s market cap is GBX 4.25 billion.

In other Aberdeen Asset Management plc news, insider Julie Chakraverty bought 3,042 shares of the stock in a transaction on Monday, September 26th. The shares were purchased at an average cost of GBX 326 ($4.03) per share, with a total value of £9,916.92 ($12,273.42). Also, insider Gilbert,Martin J sold 1,631,343 shares of the stock in a transaction on Thursday, September 15th. The stock was sold at an average price of GBX 325 ($4.02), for a total transaction of £5,301,864.75 ($6,561,713.80).

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