abrdn (LON:ABDN) Price Target Raised to GBX 240 at Deutsche Bank Aktiengesellschaft

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abrdn (LON:ABDN - Get Free Report) had its price objective raised by research analysts at Deutsche Bank Aktiengesellschaft from GBX 210 ($2.79) to GBX 240 ($3.19) in a research report issued 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 22.98% from the company's previous close.

Several other equities research analysts also recently commented on ABDN. JPMorgan Chase & Co. reissued an "overweight" rating on shares of abrdn in a report on Tuesday. Citigroup raised their price objective on abrdn from GBX 195 ($2.59) to GBX 200 ($2.65) and gave the company a "neutral" rating in a research report on Thursday. Finally, Royal Bank Of Canada lifted their target price 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. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, abrdn has a consensus rating of "Moderate Buy" and a consensus price target of GBX 195.60 ($2.60).

abrdn Stock Down 2.7%

Shares of abrdn stock traded down GBX 5.45 ($0.07) during trading hours on Wednesday, reaching GBX 195.15 ($2.59). 412,948,656 shares of the company's stock were exchanged, compared to its average volume of 12,122,035. The stock 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 50 day moving average of GBX 189.36 and a two-hundred day moving average of GBX 166.69. 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 has a fifty-two week low of GBX 120.80 ($1.60) and a fifty-two week high of GBX 206.60 ($2.74).

abrdn (LON:ABDN - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported GBX 7.60 ($0.10) 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, sell-side analysts forecast that abrdn will post 15.2266152 EPS 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.