Today: Aberdeen Asset Management plc (ADN) Earns “Sell” Rating from Shore Capital

Today: Aberdeen Asset Management plc (ADN) Earns “Sell” Rating from Shore Capital

Aberdeen Asset Management plc (LON:ADN)‘s stock had its “sell” rating reissued by equities researchers at Shore Capital in a research note issued on Monday.

ADN has been the topic of several other reports. BNP Paribas boosted their price target on Aberdeen Asset Management plc from GBX 235 ($2.94) to GBX 260 ($3.25) and gave the stock an “underperform” rating in a research report on Tuesday, October 11th. Beaufort Securities reissued a “buy” rating on shares of Aberdeen Asset Management plc in a research report on Tuesday, September 13th. Peel Hunt reissued a “hold” rating and set a GBX 330 ($4.12) price target on shares of Aberdeen Asset Management plc in a research report on Monday. Goldman Sachs Group Inc. reissued a “sell” rating and set a GBX 300 ($3.75) price target (down from GBX 340 ($4.25)) on shares of Aberdeen Asset Management plc in a research report on Tuesday, September 27th. Finally, Citigroup Inc. reissued a “sell” rating on shares of Aberdeen Asset Management plc in a research report on Friday, September 30th. Eight investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. Aberdeen Asset Management plc currently has a consensus rating of “Hold” and an average target price of GBX 283.29 ($3.54).

Aberdeen Asset Management plc (LON:ADN) opened at 277.50 on Monday. The company has a 50-day moving average of GBX 311.80 and a 200 day moving average of GBX 305.11. The company’s market cap is GBX 3.57 billion. Aberdeen Asset Management plc has a 52 week low of GBX 208.50 and a 52 week high of GBX 354.40.

In other news, 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 ($4.06), for a total value of £5,301,864.75 ($6,624,018.93). Also, insider Julie Chakraverty purchased 3,042 shares of the firm’s stock in a transaction dated Monday, September 26th. The stock was acquired at an average cost of GBX 326 ($4.07) per share, with a total value of £9,916.92 ($12,389.96).

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