November 29, 2016 - By whatsonthorold
They currently have a GBX 240.00 target on Aberdeen Asset Management (LON:ADN). Exane BNP Paribas’s target would suggest a potential downside of -10.38% from the company’s last close price. This was revealed in a research report on Tuesday morning.
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. Credit Suisse maintained the stock with “Neutral” rating in Wednesday, January 27 report. The company was maintained on Thursday, January 21 by RBC Capital Markets. The rating was downgraded by Numis Securities on Tuesday, May 3 to “Hold”. BNP Paribas maintained it with “Underperform” rating and GBX 225 target price in Friday, April 8 report. BNP Paribas maintained Aberdeen Asset Management plc (LON:ADN) rating on Thursday, November 19. BNP Paribas has “Underperform” rating and GBX 270 price target. Credit Suisse maintained the stock with “Neutral” rating in Monday, November 30 report. BNP Paribas maintained it with “Underperform” rating and GBX 220 target price in Wednesday, May 4 report. Goldman Sachs maintained Aberdeen Asset Management plc (LON:ADN) rating on Wednesday, April 13. Goldman Sachs has “Neutral” rating and GBX 294 price target. Numis Securities maintained the shares of ADN in a report on Wednesday, October 5 with “Hold” rating. The company was maintained on Wednesday, November 23 by Numis Securities.
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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