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).