abrdn (LON:ABDN) Reaches New 1-Year High on Analyst Upgrade

Key Points

• abrdn plc's stock price climbed to a new 52-week high of GBX 207 ($2.78) following an analyst upgrade from Citigroup, which raised its price target from GBX 200 to GBX 205.
• Multiple analysts, including Jefferies and Deutsche Bank, recently adjusted their target prices and ratings for abrdn, contributing to a consensus rating of "Hold" and an average target price of GBX 207.60.
• The company reported earnings per share (EPS) of GBX 7.60 in the previous quarter, with analysts forecasting an EPS of approximately 15.23 for the current fiscal year.

abrdn plc (LON:ABDN - Get Free Report)'s share price reached a new 52-week high on Friday after Citigroup raised their price target on the stock from GBX 200 to GBX 205. Citigroup currently has a hold rating on the stock. abrdn traded as high as GBX 207 ($2.78) and last traded at GBX 207 ($2.78), with a volume of 5407207 shares traded. The stock had previously closed at GBX 200.80 ($2.70).

A number of other research analysts have also recently weighed in on the stock. Jefferies Financial Group boosted their target price on shares of abrdn from GBX 175 to GBX 180 and gave the company a "hold" rating in a research note on Friday, August 1st. Royal Bank Of Canada upgraded shares of abrdn to a "sector perform" rating and boosted their target price for the company from GBX 140 to GBX 195 in a research note on Wednesday, August 20th. JPMorgan Chase & Co. reiterated an "overweight" rating on shares of abrdn in a research note on Tuesday, July 29th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of abrdn from GBX 210 to GBX 240 and gave the company a "buy" rating in a research note on Wednesday, July 30th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of GBX 207.60.

abrdn Stock Up 3.1%

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 firm has a market capitalization of £3.70 billion, a PE ratio of 1,189.66, a PEG ratio of 12.70 and a beta of 1.25. The company's 50 day simple moving average is GBX 194.09 and its 200-day simple moving average is GBX 177.53.

abrdn (LON:ABDN - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported GBX 7.60 earnings per share (EPS) for the quarter. abrdn had a net margin of 21.19% and a return on equity of 6.46%. On average, analysts forecast that abrdn plc will post 15.2266152 EPS 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.

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