abrdn (LON:ABDN) Reaches New 1-Year High - Time to Buy?

Key Points

• abrdn plc's stock reached a new 52-week high of GBX 210.40 ($2.80) during trading, slightly closing lower at GBX 209.60 ($2.79) with a trading volume of 2,020,496 shares.
• Analysts have given mixed ratings on the stock, with two "Buy" and three "Hold" ratings, noting a consensus target price of GBX 208.60.
• abrdn reported a net margin of 21.19% and earnings per share (EPS) of GBX 7.60 for the last quarter, with expectations of about 15.23 EPS for the current year.

abrdn plc (LON:ABDN - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 210.40 ($2.80) and last traded at GBX 209.60 ($2.79), with a volume of 2020496 shares changing hands. The stock had previously closed at GBX 208 ($2.77).

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on ABDN. Jefferies Financial Group upped their target price on abrdn from GBX 175 to GBX 180 and gave the stock a "hold" rating in a research note on Friday, August 1st. Citigroup upped their target price on abrdn from GBX 200 to GBX 205 and gave the stock a "hold" rating in a research note on Thursday, October 2nd. Deutsche Bank Aktiengesellschaft upped their target price on abrdn from GBX 240 to GBX 245 and gave the stock a "buy" rating in a research note on Friday, October 3rd. JPMorgan Chase & Co. reaffirmed an "overweight" rating on shares of abrdn in a research note on Tuesday, July 29th. Finally, Royal Bank Of Canada raised abrdn to a "sector perform" rating and upped their target price for the stock from GBX 140 to GBX 195 in a research note on Wednesday, August 20th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of GBX 208.60.

abrdn Trading Up 0.9%

The company has a fifty day simple moving average of GBX 194.72 and a two-hundred day simple moving average of GBX 178.50. The company has a current ratio of 225.80, a quick ratio of 24.97 and a debt-to-equity ratio of 12.25. The company has a market cap of £3.75 billion, a PE ratio of 1,205.75, a P/E/G ratio of 12.70 and a beta of 1.25.

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.