Trade Report: Today: Shore Capital Reiterates Sell Rating for Aberdeen Asset Management plc (ADN)

Today: Shore Capital Reiterates Sell Rating for Aberdeen Asset Management plc (ADN)

Aberdeen Asset Management plc (LON:ADN)‘s stock had its “sell” rating restated by equities researchers at Shore Capital in a research report issued on Monday.

A number of other research firms also recently commented on ADN. Royal Bank Of Canada downgraded Aberdeen Asset Management plc to an “underperform” rating and lifted 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 restated 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 lifted 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 lifted their target price on 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. Finally, Macquarie reaffirmed an “underperform” rating and issued a GBX 250 ($3.10) price objective on shares of Aberdeen Asset Management plc in a research note on Friday, October 7th. Eight investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of GBX 283.29 ($3.51).

Shares of Aberdeen Asset Management plc (LON:ADN) traded down 3.95% during midday trading on Monday, hitting GBX 274.80. The company had a trading volume of 15,133,302 shares. The firm’s market capitalization is GBX 3.53 billion. The company has a 50-day moving average of GBX 309.25 and a 200 day moving average of GBX 305.75. Aberdeen Asset Management plc has a 12 month low of GBX 208.50 and a 12 month high of GBX 354.40.

In other news, insider Julie Chakraverty bought 3,042 shares of Aberdeen Asset Management plc stock in a transaction dated Monday, September 26th. The stock was acquired at an average cost of GBX 326 ($4.04) per share, with a total value of £9,916.92 ($12,302.34). Also, insider Gilbert,Martin J sold 1,631,343 shares of the business’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 value of £5,301,864.75 ($6,577,179.94).

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