Aberdeen Asset Management plc (LON:ADN) was downgraded by equities researchers at Royal Bank Of Canada to an “underperform” rating in a research note issued to investors on Thursday. They presently have a GBX 320 ($4.18) price objective on the stock, up from their previous price objective of GBX 305 ($3.98). Royal Bank Of Canada’s target price indicates a potential downside of 5.99% from the stock’s current price.
Other equities analysts have also issued research reports about the stock. Beaufort Securities restated a “buy” rating on shares of Aberdeen Asset Management plc in a research report on Tuesday, September 13th. Numis Securities Ltd upped their price objective on shares of Aberdeen Asset Management plc from GBX 279 ($3.64) to GBX 300 ($3.92) and gave the company a “hold” rating in a report on Monday, July 25th. Jefferies Group dropped their price objective on shares of Aberdeen Asset Management plc from GBX 253 ($3.30) to GBX 240 ($3.13) and set a “hold” rating on the stock in a report on Wednesday, July 6th. Peel Hunt downgraded shares of Aberdeen Asset Management plc to a “hold” rating and set a GBX 330 ($4.31) price objective on the stock. in a report on Monday, July 25th. Finally, Goldman Sachs Group Inc. reaffirmed a “neutral” rating and set a GBX 330 ($4.31) price objective on shares of Aberdeen Asset Management plc in a report on Friday, July 15th. Seven research 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 company has an average rating of “Hold” and a consensus target price of GBX 281.21 ($3.67).
Shares of Aberdeen Asset Management plc (LON:ADN) traded up 0.77% during midday trading on Thursday, hitting GBX 340.40. 3,949,072 shares of the company traded hands. The stock’s market capitalization is GBX 4.37 billion. Aberdeen Asset Management plc has a 52 week low of GBX 208.50 and a 52 week high of GBX 376.60. The stock has a 50 day moving average of GBX 329.45 and a 200-day moving average of GBX 298.48.
In other Aberdeen Asset Management plc news, 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 ($4.24), for a total transaction of £5,301,864.75 ($6,920,590.98). Also, insider Julie Chakraverty purchased 3,042 shares of Aberdeen Asset Management plc stock in a transaction on Monday, September 26th. The shares were acquired at an average price of GBX 326 ($4.26) per share, for a total transaction of £9,916.92 ($12,944.68).