Aberdeen Asset Management plc (LON:ADN) had its target price decreased by Numis Securities Ltd from GBX 300 ($3.72) to GBX 285 ($3.54) in a research note published on Wednesday morning. Numis Securities Ltd currently has a hold rating on the stock.
A number of other brokerages also recently issued reports on ADN. Royal Bank Of Canada downgraded shares of Aberdeen Asset Management plc to an underperform rating and boosted their price objective for the company from GBX 305 ($3.78) to GBX 320 ($3.97) in a research report on Thursday, October 6th. BNP Paribas boosted their price objective on shares of Aberdeen Asset Management plc from GBX 235 ($2.92) to GBX 260 ($3.23) and gave the company an underperform rating in a research report on Tuesday, October 11th. Liberum Capital boosted their price objective on shares of Aberdeen Asset Management plc from GBX 243 ($3.01) to GBX 323 ($4.01) and gave the company a hold rating in a research report on Friday, October 7th. Macquarie reissued an underperform rating and set a GBX 250 ($3.10) price objective on shares of Aberdeen Asset Management plc in a research report on Friday, October 7th. Finally, Citigroup Inc. reissued a sell rating on shares of Aberdeen Asset Management plc in a research report on Friday, September 30th. Eight research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. Aberdeen Asset Management plc currently has a consensus rating of Hold and a consensus price target of GBX 281.86 ($3.50).
Aberdeen Asset Management plc (LON:ADN) opened at 262.50 on Wednesday. The company’s market capitalization is GBX 3.37 billion. The stock’s 50 day moving average price is GBX 309.25 and its 200-day moving average price is GBX 305.75. Aberdeen Asset Management plc has a 52 week low of GBX 208.50 and a 52 week high of GBX 354.40.
The company also recently declared a dividend, which will be paid on Thursday, February 9th. Investors of record on Thursday, December 8th will be issued a dividend of GBX 12 ($0.15) per share. This represents a yield of 4.37%. This is an increase from Aberdeen Asset Management plc’s previous dividend of $7.50. The ex-dividend date is Thursday, December 8th.
In related news, insider Gilbert,Martin J sold 1,631,343 shares of the company’s 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). Also, insider Julie Chakraverty purchased 3,042 shares of the business’s stock in a transaction that occurred on Monday, September 26th. The shares were purchased at an average price of GBX 326 ($4.04) per share, for a total transaction of £9,916.92 ($12,302.34).