Aberdeen Asset Management (OTC:ABDNY) has been downgraded from Neutral to Sell in a report by Goldman Sachs today.
- Updated: September 27, 2016
Goldman Sachs has downgraded Aberdeen Asset Management (OTC:ABDNY) from Neutral to Sell in a statement released on Tuesday September 27, 2016.
Having a price of $8.37, Aberdeen Asset Management (OTC:ABDNY) traded -2.82% lower on the day. With the last close up 1.49% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Aberdeen Asset Management has recorded a 50-day average of $8.56 and a two hundred day average of $8.12. 2,229 shares of ABDNY traded hands, down from an average trading volume of 142,834
With a total market value of $0, Aberdeen Asset Management has P/E ratio of 19.33 with a 52 week low of $5.95 and a 52 week high of $11.37 .
About Aberdeen Asset Management (OTC:ABDNY)
Aberdeen Asset Management PLC is a publicly owned asset management holding company. The firm provides its services to governments, national pension schemes, listed investment companies, foundations and charities, private banks and discretionary fund managers, and retail clients. Through its subsidiaries, it manages separate client focused equity, fixed income, and balanced portfolios. The firm also manages mutual funds for its clients. It invests in the public equity, fixed income, currency, and property markets across the globe. With real estate investments, it invests in properties in the Nordic growth regions. Through its subsidiaries, the firm employs fundamental analysis with a bottom-up stock picking approach to create its equity portfolio. It conducts in-house research to make its investments. Aberdeen Asset Management PLC was founded in 1983 and is based in Aberdeen, United Kingdom with additional offices across Singapore, Singapore and Boston, Massachusetts.
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