Jefferies Financial Group Issues Positive Forecast for abrdn (LON:ABDN) Stock Price

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 increased by equities research analysts at Jefferies Financial Group from GBX 175 ($2.32) to GBX 180 ($2.39) in a report released on Friday, Marketbeat Ratings reports. The brokerage presently has a "hold" rating on the stock. Jefferies Financial Group's target price suggests a potential downside of 7.76% from the stock's current price.

A number of other brokerages have also weighed in on ABDN. Citigroup boosted their price objective on abrdn from GBX 195 ($2.59) to GBX 200 ($2.66) and gave the stock a "neutral" rating in a research report on Thursday. JPMorgan Chase & Co. restated an "overweight" rating on shares of abrdn in a research note on Tuesday, July 29th. Royal Bank Of Canada raised their price objective on abrdn from GBX 130 ($1.73) to GBX 140 ($1.86) and gave the company an "outperform" rating in a research note on Thursday, July 10th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on abrdn from GBX 210 ($2.79) to GBX 240 ($3.19) and gave the company a "buy" rating in a research report on Wednesday. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 195.60 ($2.60).

abrdn Price Performance

ABDN stock traded down GBX 5.45 ($0.07) during trading on Friday, hitting GBX 195.15 ($2.59). The company had a trading volume of 412,948,656 shares, compared to its average volume of 12,122,035. The company has a fifty day moving average price of GBX 189.36 and a two-hundred day moving average price of GBX 166.90. abrdn has a fifty-two week low of GBX 120.80 ($1.60) and a fifty-two week high of GBX 206.60 ($2.74). The company has a market cap of £3.49 billion, a P/E ratio of 11.09, a P/E/G ratio of 12.70 and a beta of 1.25. 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 earnings results on Wednesday, July 30th. The company reported GBX 7.60 ($0.10) earnings per share for the quarter. abrdn had a net margin of 21.19% and a return on equity of 6.46%. Equities research analysts expect that abrdn will post 15.2266152 earnings per share for the current fiscal year.

About abrdn

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.