November 30, 2016 - By Marguerite Chambers
The company have set PT of GBX 260.00 on Aberdeen Asset Management (LON:ADN) shares. This is -2.66% from the last stock close. In a report sent to investors on 30 November, Barclays reaffirmed their “Underweight” rating on shares of ADN.
Out of 22 analysts covering Aberdeen Asset Management PLC (LON:ADN), 2 rate it a “Buy”, 9 “Sell”, while 11 “Hold”. This means 9% are positive. GBX 520 is the highest target while GBX 200 is the lowest. The GBX 290.89 average target is 8.87% above today’s (GBX 267.2) stock price. Aberdeen Asset Management PLC has been the topic of 135 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating given on Tuesday, January 12 by JP Morgan. The firm has “Equal Weight” rating by Barclays Capital given on Friday, July 24. The stock has “Buy” rating given by Liberum Capital on Tuesday, February 16. RBC Capital Markets maintained the shares of ADN in a report on Tuesday, August 25 with “Underperform” rating. Numis Securities maintained Aberdeen Asset Management plc (LON:ADN) rating on Friday, February 5. Numis Securities has “Buy” rating and GBX 285 price target. The stock of Aberdeen Asset Management plc (LON:ADN) has “Hold” rating given on Friday, July 24 by Jefferies. The firm earned “Hold” rating on Wednesday, July 6 by Jefferies. The stock has “Hold” rating given by Numis Securities on Friday, October 7. RBC Capital Markets maintained Aberdeen Asset Management plc (LON:ADN) rating on Monday, October 26. RBC Capital Markets has “Underperform” rating and GBX 310 price target. The stock of Aberdeen Asset Management plc (LON:ADN) earned “Neutral” rating by JP Morgan on Tuesday, July 26.
About 1.73 million shares traded hands. Aberdeen Asset Management plc (LON:ADN) has declined 3.22% since May 3, 2016 and is downtrending. It has underperformed by 8.44% 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 3.52 billion GBP. It manages assets for both institutional and retail clients. It has a 21.18 P/E ratio. The Company’s institutional clients include pension funds, corporates, sovereign wealth funds, government agencies and insurance companies.
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