November 29, 2016 - By Linda Rogers
In an analyst report issued to clients and investors on today, numis maintained their “Hold” rating on Aberdeen Asset Management (LON:ADN)‘s stock. The target price suggests a potential downside of -1.05% from firm’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 291.22 average target is 8.75% above today’s (GBX 267.78) stock price. Aberdeen Asset Management PLC has been the topic of 132 analyst reports since July 23, 2015 according to StockzIntelligence Inc. Numis Securities upgraded the shares of ADN in a report on Wednesday, January 27 to “Buy” rating. The stock of Aberdeen Asset Management plc (LON:ADN) earned “Hold” rating by Numis Securities on Friday, October 7. Goldman Sachs maintained Aberdeen Asset Management plc (LON:ADN) on Wednesday, June 1 with “Neutral” rating. The firm has “Neutral” rating given on Thursday, January 28 by JP Morgan. BNP Paribas maintained Aberdeen Asset Management plc (LON:ADN) on Wednesday, May 4 with “Underperform” rating. The firm has “Add” rating by Peel Hunt given on Tuesday, May 3. The company was maintained on Wednesday, January 27 by Shore Capital. The firm has “Equal Weight” rating by Barclays Capital given on Wednesday, November 11. The stock of Aberdeen Asset Management plc (LON:ADN) earned “Underperform” rating by RBC Capital Markets on Thursday, October 6. Barclays Capital maintained it with “Underweight” rating and GBX 270 target price in Tuesday, July 26 report.
The stock decreased 2.55% or GBX 7.02 on November 29, hitting GBX 267.78. About 8.97 million shares traded hands or 107.16% up from the average. Aberdeen Asset Management plc (LON:ADN) has declined 8.00% since May 2, 2016 and is downtrending. It has underperformed by 13.26% 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 3.53 billion GBP. It manages assets for both institutional and retail clients. It has a 16.25 P/E ratio. The Company’s institutional clients include pension funds, corporates, sovereign wealth funds, government agencies and insurance companies.
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By Linda Rogers