Rating Action: Citigroup Restated “Sell” Rating For Aberdeen Asset Management PLC (LON:ADN)

November 30, 2016 - By Richard Conner

Aberdeen Asset Management PLC (LON:ADN) Rating

Aberdeen Asset Management PLC (LON:ADN) had its stock rating noted as “Sell” by stock analysts at Citigroup. This was revealed to investors in analysts report on Wednesday, 30 November.

Aberdeen Asset Management plc (LON:ADN) Ratings Coverage

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 9.52% above today’s (GBX 265.6) stock price. Aberdeen Asset Management PLC has been the topic of 135 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The stock has “Hold” rating given by Societe Generale on Friday, April 29. The stock has “Buy” rating given by Beaufort Securities on Tuesday, November 29. The firm earned “Hold” rating on Thursday, July 23 by Societe Generale. The firm has “Underweight” rating by Morgan Stanley given on Wednesday, November 25. Numis Securities downgraded the shares of ADN in a report on Tuesday, May 3 to “Hold” rating. The firm has “Underperform” rating given on Tuesday, September 29 by BNP Paribas. The firm has “Neutral” rating given on Wednesday, June 1 by Goldman Sachs. Numis Securities maintained Aberdeen Asset Management plc (LON:ADN) on Friday, November 27 with “Hold” rating. The stock has “Hold” rating given by Jefferies on Tuesday, December 1. The rating was maintained by Barclays Capital with “Equal Weight” on Thursday, October 29.

About 1.13M 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 3.50 billion GBP. It manages assets for both institutional and retail clients. It has a 21.05 P/E ratio. The Company’s institutional clients include pension funds, corporates, sovereign wealth funds, government agencies and insurance companies.

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