Aberdeen Asset Management plc (ADN) Given Average Recommendation of “Hold” by Brokerages

Shares of Aberdeen Asset Management plc (LON:ADN) have been assigned a consensus rating of “Hold” from the eighteen brokerages that are covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is GBX 292.81 ($3.86).

Several brokerages recently weighed in on ADN. Macquarie reaffirmed a “neutral” rating and issued a GBX 271 ($3.58) target price on shares of Aberdeen Asset Management plc in a report on Friday, August 11th. Barclays PLC raised their target price on shares of Aberdeen Asset Management plc from GBX 260 ($3.43) to GBX 285 ($3.76) and gave the company an “underweight” rating in a report on Thursday, July 20th. BNP Paribas reaffirmed a “neutral” rating and issued a GBX 300 ($3.96) target price on shares of Aberdeen Asset Management plc in a report on Tuesday, July 18th. HSBC Holdings plc raised shares of Aberdeen Asset Management plc to a “buy” rating and raised their target price for the company from GBX 286 ($3.77) to GBX 350 ($4.62) in a report on Friday, July 14th. Finally, Jefferies Group LLC raised their target price on shares of Aberdeen Asset Management plc from GBX 287 ($3.79) to GBX 302 ($3.99) and gave the company a “hold” rating in a report on Tuesday, July 11th.

Aberdeen Asset Management plc (LON ADN) traded down 1.37% on Friday, reaching GBX 317.60. 29,986,706 shares of the company’s stock were exchanged. The firm has a 50 day moving average of GBX 316.68 and a 200-day moving average of GBX 288.48. Aberdeen Asset Management plc has a one year low of GBX 244.40 and a one year high of GBX 354.40.

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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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