November 28, 2016 - By Darrin Black
Aberdeen Asset Management PLC (LON:ADN) had its stock rating noted as “Hold” by analysts at Cantor Fitzgerald. Cantor Fitzgerald currently has a GBX 270.00 PT on the 3.77 billion GBP market cap company or -6.96% downside potential. This was disclosed in analysts report on 28 November.
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 292.33 average target is 2.21% above today’s (GBX 286) stock price. Aberdeen Asset Management PLC has been the topic of 128 analyst reports since July 23, 2015 according to StockzIntelligence Inc. Citigroup downgraded it to “Sell” rating and GBX 265 target price in Tuesday, April 26 report. The firm has “Sell” rating by Citigroup given on Friday, September 30. The firm has “Hold” rating by Numis Securities given on Wednesday, November 23. The company was maintained on Tuesday, February 16 by Liberum Capital. The firm earned “Neutral” rating on Monday, November 30 by Credit Suisse. The stock of Aberdeen Asset Management plc (LON:ADN) has “Hold” rating given on Friday, September 2 by Numis Securities. The firm has “Sell” rating given on Monday, November 30 by Shore Capital. As per Thursday, December 10, the company rating was maintained by Goldman Sachs. On Tuesday, July 26 the stock rating was maintained by JP Morgan with “Neutral”. RBC Capital Markets upgraded Aberdeen Asset Management plc (LON:ADN) rating on Thursday, May 12. RBC Capital Markets has “Sector Performer” rating and GBX 285 price target.
About 4.03 million shares traded hands. Aberdeen Asset Management plc (LON:ADN) has declined 5.98% since April 28, 2016 and is downtrending. It has underperformed by 11.99% 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 3.77 billion GBP. It manages assets for both institutional and retail clients. It has a 17.35 P/E ratio. The Company’s institutional clients include pension funds, corporates, sovereign wealth funds, government agencies and insurance companies.
Another recent and important Aberdeen Asset Management plc (LON:ADN) news was published by Marketwatch.com which published an article titled: “Aberdeen Asset Management assets rise amid outflow” on November 28, 2016.
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By Darrin Black