Rating Worth Watching: Aberdeen Asset Management PLC (LON:ADN) Neutral Rating Reaffirmed by JP Morgan Cazenove; With GBX 320.00 Target

November 29, 2016 - By Winifred Garcia

Aberdeen Asset Management PLC (LON:ADN) Rating

Professional analysts at JP Morgan Cazenove have GBX 320.00 PT on Aberdeen Asset Management PLC (LON:ADN). JP Morgan Cazenove’s PT indicates a potential upside of 20.89% from the company’s last close price. The rating was revealed to investors in analysts report on Tuesday, 29 November.

Aberdeen Asset Management plc (LON:ADN) Ratings Coverage

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 11.20% above today’s (GBX 261.9) stock price. Aberdeen Asset Management PLC has been the topic of 132 analyst reports since July 23, 2015 according to StockzIntelligence Inc. Barclays Capital maintained it with “Equal Weight” rating and GBX 350 target price in Tuesday, December 1 report. Macquarie Research maintained the stock with “Neutral” rating in Friday, May 27 report. The rating was maintained by Numis Securities with “Hold” on Wednesday, October 5. The firm has “Hold” rating by Jefferies given on Monday, October 5. Numis Securities maintained Aberdeen Asset Management plc (LON:ADN) on Wednesday, November 23 with “Hold” rating. On Monday, November 30 the stock rating was maintained by Peel Hunt with “Buy”. Societe Generale maintained the shares of ADN in a report on Thursday, January 28 with “Hold” rating. As per Thursday, December 3, the company rating was maintained by RBC Capital Markets. The firm has “Neutral” rating by Macquarie Research given on Thursday, September 24. JP Morgan maintained Aberdeen Asset Management plc (LON:ADN) rating on Friday, April 1. JP Morgan has “Neutral” rating and GBX 245 price target.

About 3.16M 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 3.45 billion GBP. It manages assets for both institutional and retail clients. It has a 15.89 P/E ratio. The Company’s institutional clients include pension funds, corporates, sovereign wealth funds, government agencies and insurance companies.

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