Zacks Investment Research Upgrades Aberdeen Asset Mgt Unspon (NASDAQ:ABDNY) to Buy

Aberdeen Asset Mgt Unspon (NASDAQ:ABDNY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Tuesday, August 29th. The firm presently has a $9.50 price target on the stock. Zacks Investment Research‘s price target points to a potential upside of 14.32% from the company’s previous close.

According to Zacks, “Aberdeen Asset Management Plc engages in the provision of asset management. It focuses in financial assets such as equities, fixed income and alternatives. The company also offers solutions which include strategy research, asset allocations views, manager selection, portfolio construction, and client portfolio. Aberdeen Asset Management Plc is headquartered in Aberdeen, the United Kingdom. “

Other equities research analysts also recently issued reports about the stock. Royal Bank Of Canada upgraded shares of Aberdeen Asset Mgt Unspon from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, July 4th. Berenberg Bank assumed coverage on shares of Aberdeen Asset Mgt Unspon in a research report on Thursday, June 15th. They issued a “hold” rating for the company. Finally, HSBC Holdings plc upgraded shares of Aberdeen Asset Mgt Unspon from a “hold” rating to a “buy” rating in a research report on Friday, July 14th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $9.50.

Aberdeen Asset Mgt Unspon (NASDAQ:ABDNY) remained flat at $8.31 during trading on Tuesday. The stock had a trading volume of 1,748 shares. The company’s 50-day moving average price is $8.37 and its 200 day moving average price is $7.45. The firm has a market cap of $5.34 billion and a price-to-earnings ratio of 24.30. Aberdeen Asset Mgt Unspon has a 52-week low of $6.06 and a 52-week high of $8.95.

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Analyst Recommendations for Aberdeen Asset Mgt Unspon  (NASDAQ:ABDNY)

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