The Aberdeen Asset Management plc (ADN) PT Raised to GBX 260 at BNP Paribas

The Aberdeen Asset Management plc (ADN) PT Raised to GBX 260 at BNP Paribas

Aberdeen Asset Management plc (LON:ADN) had its price target increased by equities research analysts at BNP Paribas from GBX 235 ($2.91) to GBX 260 ($3.22) in a report issued on Tuesday. The brokerage currently has an “underperform” rating on the stock. BNP Paribas’ price objective indicates a potential downside of 23.08% from the company’s current price.

ADN has been the subject of several other reports. JPMorgan Chase & Co. reduced their target price on Aberdeen Asset Management plc from GBX 275 ($3.40) to GBX 235 ($2.91) and set a “neutral” rating for the company in a report on Wednesday, June 29th. 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 note on Monday, July 25th. Shore Capital reissued a “sell” rating on shares of Aberdeen Asset Management plc in a research note on Monday, July 25th. Beaufort Securities reissued a “buy” rating on shares of Aberdeen Asset Management plc in a research note on Tuesday, September 13th. Finally, Goldman Sachs Group Inc. reissued a “neutral” rating and issued a GBX 270 ($3.34) price objective on shares of Aberdeen Asset Management plc in a research note on Monday, July 4th. Seven research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. Aberdeen Asset Management plc 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 330.50 on Tuesday. The stock’s market cap is GBX 4.25 billion. The firm 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.

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

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