November 29, 2016 - By olga
London: In a report made public on Tuesday morning, JP Morgan Cazenove kept their Neutral rating on shares of Aberdeen Asset Management (LON:ADN). They currently have a GBX 320.00 price target on the firm. JP Morgan Cazenove’s target suggests a potential upside of 19.09% from the company’s current stock 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 maintained Aberdeen Asset Management plc (LON:ADN) rating on Friday, October 7. Numis Securities has “Hold” rating and GBX 300 price target. The rating was maintained by JP Morgan on Friday, April 1 with “Neutral”. Societe Generale maintained Aberdeen Asset Management plc (LON:ADN) rating on Monday, November 30. Societe Generale has “Hold” rating and GBX 410 price target. JP Morgan maintained the stock with “Neutral” rating in Thursday, January 28 report. As per Friday, April 29, the company rating was maintained by Societe Generale. The company was upgraded on Thursday, May 12 by RBC Capital Markets. The firm earned “Underweight” rating on Tuesday, July 26 by Barclays Capital. BNP Paribas maintained Aberdeen Asset Management plc (LON:ADN) on Tuesday, December 1 with “Underperform” rating. Credit Suisse maintained Aberdeen Asset Management plc (LON:ADN) on Wednesday, January 27 with “Neutral” rating. UBS initiated Aberdeen Asset Management plc (LON:ADN) rating on Tuesday, February 23. UBS has “Sell” rating and GBX 210 price target.
The stock decreased 2.55% or GBX 7.02 on November 29, hitting GBX 267.78. About 8.97M 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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