Shore Capital reaffirmed their sell rating on shares of Aberdeen Asset Management plc (LON:ADN) in a report published on Monday morning.
A number of other brokerages have also recently issued reports on ADN. Royal Bank Of Canada cut Aberdeen Asset Management plc to an underperform rating and upped their target price for the company from GBX 305 ($3.78) to GBX 320 ($3.97) in a research report on Thursday, October 6th. Numis Securities Ltd reissued a hold rating and issued a GBX 300 ($3.72) target price on shares of Aberdeen Asset Management plc in a research report on Wednesday, October 5th. BNP Paribas upped their target price on 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 increased their price objective on Aberdeen Asset Management plc from GBX 243 ($3.01) to GBX 323 ($4.01) and gave the stock a hold rating in a research report on Friday, October 7th. Finally, Macquarie reaffirmed 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. Eight analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. The company 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 261.50 on Monday. Aberdeen Asset Management plc has a 52 week low of GBX 208.50 and a 52 week high of GBX 354.40. The firm’s market capitalization is GBX 3.36 billion. The stock has a 50 day moving average price of GBX 309.25 and a 200-day moving average price of GBX 305.75.
The business also recently announced a dividend, which will be paid on Thursday, February 9th. Shareholders 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%. The ex-dividend date of this dividend is Thursday, December 8th. This is a boost from Aberdeen Asset Management plc’s previous dividend of $7.50.
In related news, insider Julie Chakraverty bought 3,042 shares of the stock in a transaction 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). Also, insider Gilbert,Martin J sold 1,631,343 shares of the stock in a transaction on Thursday, September 15th. The shares were sold at an average price of GBX 325 ($4.03), for a total value of £5,301,864.75 ($6,577,179.94).