The Peel Hunt Reaffirmed “Hold” Rating for Aberdeen Asset Management plc (ADN)

The Peel Hunt Reaffirmed “Hold” Rating for Aberdeen Asset Management plc (ADN)

Aberdeen Asset Management plc (LON:ADN)‘s stock had its “hold” rating reaffirmed by equities researchers at Peel Hunt in a research report issued on Monday. They currently have a GBX 330 ($4.12) price target on the stock. Peel Hunt’s price objective suggests a potential upside of 15.21% from the stock’s previous close.

Several other analysts also recently weighed in on ADN. Numis Securities Ltd lowered their price objective on Aberdeen Asset Management plc from GBX 300 ($3.75) to GBX 285 ($3.56) and set a “hold” rating for the company in a research report on Wednesday, November 23rd. JPMorgan Chase & Co. boosted their price objective on Aberdeen Asset Management plc from GBX 270 ($3.37) to GBX 320 ($4.00) and gave the company a “neutral” rating in a research report on Tuesday, September 13th. Barclays PLC reiterated an “underweight” rating and issued a GBX 270 ($3.37) price objective on shares of Aberdeen Asset Management plc in a research report on Thursday, September 15th. Macquarie reiterated an “underperform” rating and issued a GBX 250 ($3.12) price objective on shares of Aberdeen Asset Management plc in a research report on Friday, October 7th. Finally, Beaufort Securities reiterated a “buy” rating on shares of Aberdeen Asset Management plc in a research report on Tuesday, September 13th. Eight equities 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. Aberdeen Asset Management plc presently has an average rating of “Hold” and an average price target of GBX 283.29 ($3.54).

Aberdeen Asset Management plc (LON:ADN) opened at 290.00 on Monday. The company has a 50 day moving average price of GBX 311.80 and a 200-day moving average price of GBX 305.11. The company’s market capitalization is GBX 3.73 billion. Aberdeen Asset Management plc has a one year low of GBX 208.50 and a one year 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 bought 3,042 shares of the business’s stock in a transaction dated Monday, September 26th. The stock was bought at an average cost of GBX 326 ($4.07) per share, for a total transaction of £9,916.92 ($12,389.96).

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