abrdn (LON:ABDN) Reaches New 52-Week Low at $140.54

abrdn plc (LON:ABDNGet Rating)’s share price hit a new 52-week low during mid-day trading on Friday . The company traded as low as GBX 140.54 ($1.70) and last traded at GBX 140.55 ($1.70), with a volume of 238539 shares trading hands. The stock had previously closed at GBX 142.35 ($1.72).

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft lowered shares of abrdn to a “sell” rating and cut their price objective for the stock from GBX 175 ($2.11) to GBX 135 ($1.63) in a research note on Wednesday, September 14th. Royal Bank of Canada increased their price objective on shares of abrdn from GBX 145 ($1.75) to GBX 150 ($1.81) and gave the stock an “underperform” rating in a research note on Tuesday, August 16th. Barclays increased their price objective on shares of abrdn from GBX 140 ($1.69) to GBX 150 ($1.81) and gave the stock an “underweight” rating in a research note on Wednesday, August 10th. Citigroup reiterated a “sell” rating on shares of abrdn in a research note on Thursday, August 11th. Finally, JPMorgan Chase & Co. cut their price objective on shares of abrdn from GBX 180 ($2.17) to GBX 175 ($2.11) and set a “neutral” rating on the stock in a research note on Wednesday, August 10th. Five investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of GBX 168.57 ($2.04).

abrdn Trading Down 1.1 %

The company has a market cap of £3.03 billion and a price-to-earnings ratio of 527.22. The company has a quick ratio of 24.97, a current ratio of 35.78 and a debt-to-equity ratio of 10.99. The company’s 50-day moving average is GBX 156.18 and its 200 day moving average is GBX 176.35.

abrdn Announces Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, September 27th. Shareholders of record on Thursday, August 18th will be issued a dividend of GBX 7.30 ($0.09) per share. This represents a yield of 4.22%. The ex-dividend date of this dividend is Thursday, August 18th. abrdn’s payout ratio is 54.07%.

Insider Buying and Selling at abrdn

In related news, insider Stephanie Bruce acquired 66,709 shares of the firm’s stock in a transaction on Monday, September 5th. The shares were acquired at an average cost of GBX 148 ($1.79) per share, with a total value of £98,729.32 ($119,295.94).

abrdn Company Profile

(Get Rating)

abrdn plc provides asset management services in the United Kingdom, Europe, North America, and Asia. The company offers investment solutions and funds; long-term savings and investment products to individual and corporate customers; and life insurance and savings products. It provides its products through institutional, wholesale, and retail distribution channels.

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