November 29, 2016 - By Clifton Ray
Exane BNP Paribas currently has a GBX 240.00 target price on the 3.45B GBP market cap company or -8.47% downside potential. In an analyst note issued to clients on Tuesday morning, Aberdeen Asset Management PLC (LON:ADN) stock had its Underperform Rating reaffirmed by professional analysts at Exane BNP Paribas.
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 11.28% above today’s (GBX 261.7) stock price. Aberdeen Asset Management PLC has been the topic of 132 analyst reports since July 23, 2015 according to StockzIntelligence Inc. BNP Paribas maintained the stock with “Underperform” rating in Tuesday, October 11 report. The stock of Aberdeen Asset Management plc (LON:ADN) has “Neutral” rating given on Tuesday, January 12 by JP Morgan. The rating was maintained by Liberum Capital on Monday, February 1 with “Buy”. Goldman Sachs maintained the stock with “Neutral” rating in Thursday, December 10 report. The rating was maintained by Peel Hunt on Monday, December 7 with “Buy”. The rating was maintained by Credit Suisse on Wednesday, January 27 with “Neutral”. On Thursday, March 10 the stock rating was maintained by BNP Paribas with “Underperform”. The stock of Aberdeen Asset Management plc (LON:ADN) earned “Underperform” rating by RBC Capital Markets on Thursday, December 3. The firm earned “Underweight” rating on Thursday, July 21 by Barclays Capital. The rating was maintained by Barclays Capital with “Underweight” on Wednesday, May 4.
About 3.63 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 3.45 billion GBP. It manages assets for both institutional and retail clients. It has a 15.88 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 Clifton Ray