Trading Report: Today, Aberdeen Asset Management plc (ADN) Downgraded by Macquarie to “Underperform”

Today, Aberdeen Asset Management plc (ADN) Downgraded by Macquarie to “Underperform”

Macquarie lowered shares of Aberdeen Asset Management plc (LON:ADN) to an underperform rating in a research report released on Monday morning. They currently have GBX 250 ($3.05) target price on the stock.

A number of other analysts have also commented on ADN. BNP Paribas reaffirmed an underperform rating and issued a GBX 225 ($2.74) price target on shares of Aberdeen Asset Management plc in a research note on Monday, June 27th. JPMorgan Chase & Co. dropped their price target on Aberdeen Asset Management plc from GBX 275 ($3.35) to GBX 235 ($2.86) and set a neutral rating for the company in a research note on Wednesday, June 29th. Barclays PLC dropped their price target on Aberdeen Asset Management plc from GBX 230 ($2.80) to GBX 225 ($2.74) and set an underweight rating for the company in a research note on Thursday, June 30th. Goldman Sachs Group Inc. reaffirmed a neutral rating and issued a GBX 270 ($3.29) price target on shares of Aberdeen Asset Management plc in a research note on Monday, July 4th. Finally, Jefferies Group dropped their price target on Aberdeen Asset Management plc from GBX 253 ($3.08) to GBX 240 ($2.93) and set a hold rating for the company in a research note on Wednesday, July 6th. Seven research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of GBX 283.36 ($3.45).

Aberdeen Asset Management plc (LON:ADN) opened at 328.10 on Monday. The stock’s market capitalization is GBX 4.22 billion. Aberdeen Asset Management plc has a one year low of GBX 208.50 and a one year high of GBX 376.60. The company has a 50 day moving average of GBX 330.04 and a 200-day moving average of GBX 301.56.

In other news, insider Julie Chakraverty bought 3,042 shares of the company’s stock in a transaction on Monday, September 26th. The shares were acquired at an average cost of GBX 326 ($3.97) per share, with a total value of £9,916.92 ($12,086.44). Also, insider Gilbert,Martin J sold 1,631,343 shares of the firm’s stock in a transaction dated Thursday, September 15th. The stock was sold at an average price of GBX 325 ($3.96), for a total value of £5,301,864.75 ($6,461,748.63).

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