November 30, 2016 - By Peter Erickson
In analysts report sent to investors on today, Barclays Capital kept their “Underweight” rating on Aberdeen Asset Management PLC (LON:ADN)‘s stock. The target price per share suggests a potential downside of -2.73% from company’s current price.
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 9.44% above today’s (GBX 265.8) 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 “Hold” rating given on Wednesday, November 18 by Numis Securities. The firm earned “Underperform” rating on Friday, October 2 by RBC Capital Markets. The stock has “Hold” rating given by Jefferies on Tuesday, December 1. The company was maintained on Wednesday, November 25 by Morgan Stanley. On Thursday, December 3 the stock rating was maintained by RBC Capital Markets with “Underperform”. The stock of Aberdeen Asset Management plc (LON:ADN) earned “Underperform” rating by BNP Paribas on Friday, October 16. Macquarie Research maintained Aberdeen Asset Management plc (LON:ADN) rating on Thursday, September 24. Macquarie Research has “Neutral” rating and GBX 311 price target. The stock has “Buy” rating given by Cantor Fitzgerald on Thursday, July 23. Jefferies maintained Aberdeen Asset Management plc (LON:ADN) rating on Monday, April 11. Jefferies has “Hold” rating and GBX 243 price target. As per Thursday, November 19, the company rating was maintained by BNP Paribas.
About 1.11M 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 21.07 P/E ratio. The Company’s institutional clients include pension funds, corporates, sovereign wealth funds, government agencies and insurance companies.
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