Aberdeen Asset Management plc (LON:ADN) had its target price dropped by equities research analysts at BNP Paribas from GBX 260 ($3.23) to GBX 240 ($2.98) in a research report issued to clients and investors on Tuesday. The brokerage presently has an “underperform” rating on the stock. BNP Paribas’ target price suggests a potential downside of 16.21% from the stock’s current price.
Several other equities research analysts also recently issued reports on ADN. Numis Securities Ltd reaffirmed a “hold” rating and set a GBX 300 ($3.72) price target on shares of Aberdeen Asset Management plc in a research note on Friday, September 2nd. JPMorgan Chase & Co. lifted their price target on shares of Aberdeen Asset Management plc from GBX 270 ($3.35) to GBX 320 ($3.97) and gave the stock a “neutral” rating in a research note on Tuesday, September 13th. Beaufort Securities reaffirmed a “buy” rating on shares of Aberdeen Asset Management plc in a research note on Tuesday, September 13th. Barclays PLC reaffirmed an “underweight” rating and set a GBX 270 ($3.35) price target on shares of Aberdeen Asset Management plc in a research note on Thursday, September 15th. Finally, Goldman Sachs Group Inc. reaffirmed a “sell” rating and set a GBX 300 ($3.72) price target (down previously from GBX 340 ($4.22)) on shares of Aberdeen Asset Management plc in a research note on Tuesday, September 27th. Eight analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of GBX 281.86 ($3.50).
Shares of Aberdeen Asset Management plc (LON:ADN) opened at 265.20 on Tuesday. Aberdeen Asset Management plc has a one year low of GBX 208.50 and a one year high of GBX 354.40. The stock has a 50 day moving average of GBX 309.25 and a 200-day moving average of GBX 305.75. The stock’s market capitalization is GBX 3.41 billion.
The company also recently disclosed a dividend, which will be paid on Thursday, February 9th. Investors of record on Thursday, December 8th will be given a GBX 12 ($0.15) dividend. The ex-dividend date of this dividend is Thursday, December 8th. This is an increase from Aberdeen Asset Management plc’s previous dividend of $7.50. This represents a yield of 4.37%.
In other news, insider Julie Chakraverty acquired 3,042 shares of the business’s stock in a transaction that occurred on Monday, September 26th. The shares were purchased at an average cost of GBX 326 ($4.04) per share, for a total transaction of £9,916.92 ($12,302.34). Also, insider Gilbert,Martin J sold 1,631,343 shares of Aberdeen Asset Management plc stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of GBX 325 ($4.03), for a total transaction of £5,301,864.75 ($6,577,179.94).