abrdn (LON:ABDN) Earns Sell Rating from UBS Group

Key Points

• UBS Group has reaffirmed a sell rating on abrdn's stock, setting a price target of GBX 175, indicating an expected downside of 11.35% from its previous close.
• Other analysts have mixed ratings, with two rating it a buy, three as hold, and one as sell, producing a consensus rating of "hold" and a target price of GBX 203.
• As of the latest update, abrdn's stock is trading at GBX 197.40, with a market cap of £3.53 billion and a P/E ratio significantly high at 1,134.48.

abrdn (LON:ABDN - Get Free Report)'s stock had its "sell" rating reaffirmed by equities research analysts at UBS Group in a research report issued on Friday,Digital Look reports. They presently have a GBX 175 price objective on the stock. UBS Group's price objective would indicate a potential downside of 11.35% from the stock's previous close.

Several other research firms have also recently issued reports on ABDN. Deutsche Bank Aktiengesellschaft increased their price target on shares of abrdn from GBX 240 to GBX 245 and gave the stock a "buy" rating in a report on Friday, October 3rd. Jefferies Financial Group increased their price target on shares of abrdn from GBX 175 to GBX 180 and gave the stock a "hold" rating in a report on Friday, August 1st. Royal Bank Of Canada raised shares of abrdn to a "sector perform" rating and increased their price target for the stock from GBX 140 to GBX 195 in a report on Wednesday, August 20th. JPMorgan Chase & Co. restated an "overweight" rating on shares of abrdn in a research report on Tuesday, July 29th. Finally, Citigroup upped their target price on shares of abrdn from GBX 200 to GBX 205 and gave the stock a "hold" rating in a research report on Thursday, October 2nd. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of GBX 203.

abrdn Stock Performance

Shares of ABDN stock opened at GBX 197.40 on Friday. The company has a current ratio of 225.80, a quick ratio of 24.97 and a debt-to-equity ratio of 12.25. The firm has a fifty day moving average price of GBX 195.75 and a 200 day moving average price of GBX 180.32. The company has a market cap of £3.53 billion, a P/E ratio of 1,134.48, a PEG ratio of 12.70 and a beta of 1.25. abrdn has a 12 month low of GBX 120.80 and a 12 month high of GBX 211.40.

abrdn (LON:ABDN - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported GBX 7.60 EPS for the quarter. abrdn had a net margin of 21.19% and a return on equity of 6.46%. Sell-side analysts predict that abrdn will post 15.2266152 earnings per share for the current fiscal year.

abrdn Company Profile

Aberdeen is a Wealth & Investments group that connects investors to the expertise, tools, and solutions they need to grow and manage their wealth with confidence. We are structured around three businesses – interactive investor, Adviser and Investments. As a diversified group, we have positioned ourselves for growth in a changing investment landscape.

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