November 29, 2016 - By Nellie Frank
Beaufort Securities restate their “Buy” rating on shares of Aberdeen Asset Management PLC (LON:ADN) in analysts report sent to investors and clients on Tuesday, 29 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 291.22 average target is 11.03% above today’s (GBX 262.29) stock price. Aberdeen Asset Management PLC has been the topic of 132 analyst reports since July 23, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained it with “Underperform” rating and GBX 310 target price in Friday, October 2 report. The rating was maintained by Citigroup on Tuesday, December 1 with “Neutral”. The stock of Aberdeen Asset Management plc (LON:ADN) earned “Hold” rating by Jefferies on Wednesday, July 6. The company was maintained on Wednesday, October 5 by Numis Securities. The rating was maintained by RBC Capital Markets with “Underperform” on Tuesday, August 25. The company was maintained on Thursday, July 21 by Barclays Capital. As per Monday, November 30, the company rating was maintained by Peel Hunt. The firm has “Buy” rating by Charles Stanley given on Friday, December 4. The firm has “Underperform” rating by BNP Paribas given on Wednesday, May 4. The firm earned “Underperform” rating on Tuesday, December 1 by BNP Paribas.
About 3.19 million shares traded hands. 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 3.46 billion GBP. It manages assets for both institutional and retail clients. It has a 15.91 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 Nellie Frank