abrdn plc (LON:ABDN – Get 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
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
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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