November 29, 2016 - By Winifred Garcia
In a research report revealed to clients and investors on 29 November, Aberdeen Asset Management PLC (LON:ADN) stock had its “Hold” Rating restate by professional analysts at Numis. They currently have a GBX 265.00 price target on firm. Numis’s target would suggest a potential downside of -1.43% from the company’s previous close.
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 8.46% above today’s (GBX 268.5) stock price. Aberdeen Asset Management PLC has been the topic of 132 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The firm earned “Neutral” rating on Thursday, January 28 by JP Morgan. The rating was upgraded by Numis Securities to “Buy” on Wednesday, January 27. The rating was maintained by Numis Securities with “Hold” on Friday, October 7. The firm earned “Underweight” rating on Thursday, June 30 by Barclays Capital. The rating was initiated by UBS on Tuesday, February 23 with “Sell”. RBC Capital Markets maintained it with “Underperform” rating and GBX 310 target price in Monday, October 26 report. The firm has “Sell” rating given on Tuesday, August 30 by UBS. The stock of Aberdeen Asset Management plc (LON:ADN) has “Hold” rating given on Thursday, July 28 by Numis Securities. The company was maintained on Wednesday, November 25 by Morgan Stanley. The company was maintained on Tuesday, November 29 by Beaufort Securities.
About 5.32M shares traded hands or 22.86% 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 3.54 billion GBP. It manages assets for both institutional and retail clients. It has a 16.29 P/E ratio. The Company’s institutional clients include pension funds, corporates, sovereign wealth funds, government agencies and insurance companies.
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