abrdn (LON:ABDN) Price Target Raised to GBX 220 at Citigroup

Key Points

• Citigroup has raised its price target for abrdn from GBX 205 to GBX 220, indicating a potential upside of 8.16% from the current stock price.
• Multiple brokerages have updated their ratings on abrdn, with two analysts rating it as Buy and three as Hold, suggesting a consensus rating of "Hold."
• As of the latest trading session, abrdn stock is up 0.8% and has experienced significant trading volume with a market capitalization of £3.64 billion.

abrdn (LON:ABDN - Get Free Report) had its price objective upped by research analysts at Citigroup from GBX 205 to GBX 220 in a research note issued to investors on Thursday, MarketBeat Ratings reports. The firm presently has a "neutral" rating on the stock. Citigroup's target price would suggest a potential upside of 8.16% from the stock's current price.

Several other brokerages also recently issued reports on ABDN. Deutsche Bank Aktiengesellschaft increased their price objective on abrdn from GBX 240 to GBX 245 and gave the stock a "buy" rating in a research note on Friday, October 3rd. UBS Group reaffirmed a "sell" rating and set a GBX 175 price target on shares of abrdn in a research note on Friday, October 17th. Royal Bank Of Canada raised abrdn to a "sector perform" rating and raised their price objective for the company from GBX 140 to GBX 195 in a research note on Wednesday, August 20th. Jefferies Financial Group raised their price objective on abrdn from GBX 180 to GBX 190 and gave the company a "hold" rating in a research note on Monday. Finally, JPMorgan Chase & Co. reissued an "overweight" rating on shares of abrdn in a research note on Tuesday, July 29th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, abrdn has a consensus rating of "Hold" and an average price target of GBX 210.33.

abrdn Stock Up 0.8%

abrdn stock traded up GBX 1.60 during mid-day trading on Thursday, hitting GBX 203.40. The company's stock had a trading volume of 20,681,023 shares, compared to its average volume of 9,283,610. The firm's 50 day moving average is GBX 195.54 and its 200 day moving average is GBX 181.78. The company has a market cap of £3.64 billion, a PE ratio of 11.69, a price-to-earnings-growth ratio of 12.70 and a beta of 1.25. The company has a debt-to-equity ratio of 12.25, a current ratio of 225.80 and a quick ratio of 24.97. abrdn has a 52-week low of GBX 120.80 and a 52-week high of GBX 211.40.

abrdn (LON:ABDN - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported GBX 7.60 earnings per share (EPS) for the quarter. abrdn had a return on equity of 6.46% and a net margin of 21.19%. On average, analysts anticipate 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.

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