November 30, 2016 - By Clifton Ray
Citigroup have a GBX 250.00 target on the stock. The target means a potential downside of -6.82% from Aberdeen Asset Management (LON:ADN)‘s last close price. This rating was revealed in an analyst note on Wednesday morning.
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 8.50% above today’s (GBX 268.1) stock price. Aberdeen Asset Management PLC has been the topic of 135 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The stock of Aberdeen Asset Management plc (LON:ADN) has “Buy” rating given on Tuesday, December 1 by Beaufort Securities. Beaufort Securities maintained the stock with “Buy” rating in Tuesday, September 13 report. The firm earned “Neutral” rating on Tuesday, July 26 by JP Morgan. The rating was maintained by BNP Paribas on Friday, October 9 with “Underperform”. BNP Paribas maintained Aberdeen Asset Management plc (LON:ADN) rating on Monday, November 21. BNP Paribas has “Underperform” rating and GBX 260 price target. The stock of Aberdeen Asset Management plc (LON:ADN) earned “Underperform” rating by BNP Paribas on Tuesday, September 29. Jefferies maintained Aberdeen Asset Management plc (LON:ADN) rating on Monday, April 11. Jefferies has “Hold” rating and GBX 243 price target. The firm has “Hold” rating by Jefferies given on Tuesday, December 1. Peel Hunt maintained the stock with “Buy” rating in Monday, December 7 report. The firm has “Hold” rating given on Wednesday, November 23 by Numis Securities.
About 3.02M 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 3.53 billion GBP. It manages assets for both institutional and retail clients. It has a 21.25 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