Breaking Finance News

Numis announced Aberdeen Asset Management PLC (LON:ADN), dropping its stock price target to 285.00GBX today

In a report released on 11/23/2016 Numis reduced the stock price target of Aberdeen Asset Management PLC (LON:ADN) from 300.00GBX to 285.00GBX reporting a possible downside of -0.01%.

Previously on 11/21/2016, Exane BNP Paribas released a statement about Aberdeen Asset Management PLC (LON:ADN) held steady the target price at 260.00GBX. At the time, this indicated a possible downside of -0.09%.

Just yesterday Aberdeen Asset Management PLC (LON:ADN) traded -0.80% lower at 288.45GBX. Aberdeen Asset Management PLC’s 50-day moving average is 311.80GBX and its 200-day moving average is 305.11GBX. The last stock price is down -6.23% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.03% over the same time period. 1,990,849 shares of ADN traded hands, down from an average trading volume of 3,871,510

Recent Performance Chart

Aberdeen Asset Management PLC (LON:ADN)

Aberdeen Asset Management PLC has 52 week low of 208.50GBX and a 52 week high of 354.40GBX with a PE ratio of 17.55 and has a market capitalization of 0 GBX.

In addition to Numis reporting its stock price target, a total of 17 brokerages have issued a ratings update on the company. The average stock price target is 257.59GBX with 0 brokerages rating the stock a strong buy, 1 brokerage rating the stock a buy, 10 brokerages rating the stock a hold, 7 brokerages rating the stock a underperform, and finally 1 brokerage rating the stock a sell.

Brief Synopsis On 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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