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 research report issued on Wednesday, July 12th. The firm presently has a $8.75 target price on the stock. Zacks Investment Research‘s price objective would indicate a potential upside of 5.29% from the stock’s current price.

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. “

ABDNY has been the topic of a number of other reports. Royal Bank Of Canada raised shares of Aberdeen Asset Mgt Unspon from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, July 4th. Berenberg Bank initiated coverage on shares of Aberdeen Asset Mgt Unspon in a research note on Thursday, June 15th. They set a “hold” rating on the stock. Finally, Numis Securities Ltd lowered shares of Aberdeen Asset Mgt Unspon from a “buy” rating to an “add” rating in a research note on Tuesday, March 14th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $8.75.

Shares of Aberdeen Asset Mgt Unspon (NASDAQ:ABDNY) traded down 1.19% on Wednesday, hitting $8.31. The company’s stock had a trading volume of 1,748 shares. The stock has a market capitalization of $5.34 billion and a P/E ratio of 23.74. The stock’s 50 day moving average price is $8.17 and its 200 day moving average price is $7.29. Aberdeen Asset Mgt Unspon has a 52 week low of $6.06 and a 52 week high of $8.95.

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