Deutsche Bank Aktiengesellschaft Issues Positive Forecast for abrdn (LON:ABDN) Stock Price

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abrdn (LON:ABDN - Get Free Report) had its price objective boosted by Deutsche Bank Aktiengesellschaft from GBX 210 ($2.79) to GBX 240 ($3.19) in a research report issued to clients and investors on Wednesday, MarketBeat reports. The firm currently has a "buy" rating on the stock. Deutsche Bank Aktiengesellschaft's target price would suggest a potential upside of 21.36% from the company's current price.

A number of other research analysts have also recently issued reports on the stock. Royal Bank Of Canada raised their price target on shares of abrdn from GBX 130 ($1.73) to GBX 140 ($1.86) and gave the stock an "outperform" rating in a report on Thursday, July 10th. Citigroup raised their price target on shares of abrdn from GBX 195 ($2.59) to GBX 200 ($2.66) and gave the stock a "neutral" rating in a report on Thursday. Finally, JPMorgan Chase & Co. reaffirmed an "overweight" rating on shares of abrdn in a report on Tuesday, July 29th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. 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 1.3%

LON:ABDN traded up GBX 2.61 ($0.03) during midday trading on Wednesday, reaching GBX 197.76 ($2.63). 4,206,044 shares of the stock traded hands, compared to its average volume of 9,332,945. abrdn has a 12-month low of GBX 120.80 ($1.61) and a 12-month high of GBX 206.60 ($2.75). The business has a 50-day moving average of GBX 189.36 and a two-hundred day moving average of GBX 167.11. The company has a debt-to-equity ratio of 12.25, a quick ratio of 24.97 and a current ratio of 225.80. The stock has a market capitalization of £3.54 billion, a PE ratio of 11.24, a price-to-earnings-growth ratio of 12.70 and a beta of 1.25.

abrdn (LON:ABDN - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported GBX 7.60 ($0.10) EPS for the quarter. abrdn had a net margin of 21.19% and a return on equity of 6.46%. On average, equities analysts forecast 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.