November 23, 2016 - By Hazel Jackson
In an analyst report revealed to investors and clients on today, Numis reaffirmed their Hold rating on Aberdeen Asset Management PLC (LON:ADN)‘s stock. The target price per share means a potential downside of -1.25% from company’s last close price.
Out of 21 analysts covering Aberdeen Asset Management PLC (LON:ADN), 2 rate it a “Buy”, 9 “Sell”, while 10 “Hold”. This means 10% are positive. GBX 520 is the highest target while GBX 200 is the lowest. The GBX 293.17 average target is 1.69% above today’s (GBX 288.3) stock price. Aberdeen Asset Management PLC has been the topic of 124 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Liberum Capital given on Wednesday, January 27. RBC Capital Markets maintained Aberdeen Asset Management plc (LON:ADN) on Tuesday, September 8 with “Underperform” rating. The stock of Aberdeen Asset Management plc (LON:ADN) earned “Hold” rating by Numis Securities on Tuesday, May 3. JP Morgan maintained the stock with “Neutral” rating in Friday, April 1 report. The stock of Aberdeen Asset Management plc (LON:ADN) earned “Underperform” rating by BNP Paribas on Thursday, March 10. The firm has “Neutral” rating given on Tuesday, January 12 by JP Morgan. The rating was maintained by Numis Securities on Friday, November 27 with “Hold”. Morgan Stanley maintained the stock with “Underweight” rating in Wednesday, November 25 report. The stock has “Underperform” rating given by Macquarie Research on Monday, October 17. The rating was maintained by Jefferies with “Hold” on Thursday, January 28.
About 1.05M shares traded hands. Aberdeen Asset Management plc (LON:ADN) has declined 6.82% since April 25, 2016 and is downtrending. It has underperformed by 12.15% the S&P500.
Aberdeen Asset Management PLC is a United Kingdom global asset management firm engaged in the active management of financial assets. The company has a market cap of 3.80 billion GBP. It manages assets for both institutional and retail clients. It has a 17.49 P/E ratio. The Company’s institutional clients include pension funds, corporates, sovereign wealth funds, government agencies and insurance companies.
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