Citigroup reiterated Aberdeen Asset Management PLC (LON:ADN) to Sell in a statement released earlier today.
- Updated: September 29, 2016
Citigroup has reiterated Aberdeen Asset Management PLC (LON:ADN) to Sell in a report released on 9/30/2016.
Previously on 9/27/2016, Goldman Sachs reported on Aberdeen Asset Management PLC (LON:ADN) reduced the target price from 340.00GBX to 300.00GBX. At the time, this indicated a possible downside of -0.06%.
Just yesterday Aberdeen Asset Management PLC (LON:ADN) traded 1.85% higher at 326.00GBX. Aberdeen Asset Management PLC’s 50-day moving average is 327.46GBX and its 200-day moving average is 296.48GBX. The last closing price is up 11.34% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 3,021,178 shares of ADN traded hands, down from an average trading volume of 4,024,010
Recent Performance Chart
Aberdeen Asset Management PLC has 52 week low of 208.50GBX and a one year high of 376.60GBX with a P/E ratio of 20.25 and has a market cap of 0 GBX.
In addition to Citigroup reporting its stock price target, a total of 17 brokerages have reported on the stock. The consensus target price is 257.59GBX with 0 equity analysts rating the company a strong buy, one brokerage rating the company a buy, ten analysts rating the stock a hold, 7 equity analysts rating the company a underperform, and lastly 1 firm rating the stock a sell.
More About Aberdeen Asset Management PLC (LON:ADN)
Aberdeen Asset Management PLC is a United Kingdom-based global asset management company engaged in the active management of financial assets. It manages assets for both institutional and retail clients. The Company's institutional clients include pension funds, corporates, sovereign wealth funds, government agencies and insurance companies. It also sells to retail clients through intermediaries, such as private banks, financial advisers, wealth managers and platforms. It invests across the asset classes, including equities, fixed income, property and Aberdeen solutions. The Company is focused on growing assets under management (AUM) by servicing its clients well, delivering investment expertise across all asset classes, recruiting and retaining employees, and creating long-term value for its shareholders. Its other assets include open-ended funds, other institutional, closed-end funds and central banks. The Company operates approximately 40 offices in approximately 25 countries.
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