abrdn (LON:ABDN) Price Target Raised to GBX 180

Key Points

• Investment analysts at Jefferies Financial Group raised the price target for abrdn from GBX 175 to GBX 180, maintaining a "hold" rating despite suggesting a potential downside of 8.63% from the current price.
• Other analysts have varying ratings for abrdn, with Deutsche Bank upgrading their target to GBX 240 and giving a "buy" rating, while the consensus target price is GBX 195.60.
• The firm's shares opened at GBX 197 and have a market cap of £3.53 billion, reflecting significant fluctuations with a 52-week low of GBX 120.80 and a high of GBX 206.60.

abrdn (LON:ABDN - Get Free Report) had its target price lifted by equities research analysts at Jefferies Financial Group from GBX 175 ($2.33) to GBX 180 ($2.39) in a research report issued to clients and investors on Friday, Marketbeat Ratings reports. The firm presently has a "hold" rating on the stock. Jefferies Financial Group's price target would indicate a potential downside of 9.73% from the stock's previous close.

Other analysts have also recently issued research reports about the company. JPMorgan Chase & Co. reiterated an "overweight" rating on shares of abrdn in a research report on Tuesday, July 29th. Deutsche Bank Aktiengesellschaft boosted their price target on abrdn from GBX 210 ($2.79) to GBX 240 ($3.19) and gave the company a "buy" rating in a report on Wednesday, July 30th. Citigroup boosted their price target on abrdn from GBX 195 ($2.59) to GBX 200 ($2.66) and gave the company a "neutral" rating in a report on Thursday, July 31st. Finally, Royal Bank Of Canada boosted their price target on abrdn from GBX 130 ($1.73) to GBX 140 ($1.86) and gave the company an "outperform" rating in a report on Thursday, July 10th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of GBX 195.60 ($2.60).

abrdn Stock Up 1.0%

LON:ABDN traded up GBX 1.90 ($0.03) during trading hours on Friday, reaching GBX 199.40 ($2.65). 3,579,535 shares of the company traded hands, compared to its average volume of 9,291,192. The business's 50-day moving average price is GBX 189.95 and its two-hundred day moving average price is GBX 167.53. The stock has a market capitalization of £3.57 billion, a P/E ratio of 11.34, a P/E/G ratio of 12.70 and a beta of 1.25. abrdn has a 1 year low of GBX 120.80 ($1.61) and a 1 year high of GBX 206.60 ($2.75). The company has a current ratio of 225.80, a quick ratio of 24.97 and a debt-to-equity ratio of 12.25.

abrdn (LON:ABDN - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported GBX 7.60 ($0.10) earnings per share for the quarter. abrdn had a return on equity of 6.46% and a net margin of 21.19%. Analysts predict that abrdn will post 15.2266152 earnings per share for the current 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.