Aberdeen Asset Management plc (LON:ADN) has been assigned an average recommendation of “Hold” from the eighteen brokerages that are covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is GBX 292.81 ($3.78).
Several equities analysts recently issued reports on ADN shares. HSBC Holdings plc raised Aberdeen Asset Management plc to a “buy” rating and lifted their price objective for the stock from GBX 286 ($3.69) to GBX 350 ($4.52) in a report on Friday, July 14th. Berenberg Bank started coverage on Aberdeen Asset Management plc in a report on Thursday, June 15th. They set a “hold” rating and a GBX 290 ($3.75) price objective for the company. Barclays PLC lifted their price objective on Aberdeen Asset Management plc from GBX 260 ($3.36) to GBX 285 ($3.68) and gave the stock an “underweight” rating in a report on Thursday, July 20th. Morgan Stanley raised Aberdeen Asset Management plc to an “equal weight” rating and lifted their price objective for the stock from GBX 260 ($3.36) to GBX 332 ($4.29) in a report on Wednesday, June 7th. Finally, Jefferies Group LLC lifted their price objective on Aberdeen Asset Management plc from GBX 287 ($3.71) to GBX 302 ($3.90) and gave the stock a “hold” rating in a report on Tuesday, July 11th.
Shares of Aberdeen Asset Management plc (LON ADN) traded down 1.37% during mid-day trading on Friday, hitting GBX 317.60. The company had a trading volume of 29,986,706 shares. Aberdeen Asset Management plc has a 12 month low of GBX 244.40 and a 12 month high of GBX 354.40. The firm has a 50-day moving average price of GBX 316.68 and a 200 day moving average price of GBX 288.48.
About Aberdeen Asset Management plc
Aberdeen Asset Management PLC is a United Kingdom-based asset manager. The Company operates through asset management for reporting and control purposes. The Company is managed as a single asset management business, with multiple investment strategies of equities, fixed income and property, complemented by a solutions business, which provides multi asset, alternatives and quantitative investment capabilities.
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