Trade Report: Today, Aberdeen Asset Management plc (ADN) Price Target Cut to GBX 240 by Analysts at BNP Paribas

Today, Aberdeen Asset Management plc (ADN) Price Target Cut to GBX 240 by Analysts at BNP Paribas

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).

Related posts

Leave a Comment