abrdn (LON:ABDN) Hits New 52-Week High - Time to Buy?

Key Points

• abrdn plc shares reached a new 52-week high, trading at GBX 206.80 ($2.78) with significant volume of 4.67 million shares on the latest trading day.
• Equities research analysts show a consensus rating of "Moderate Buy" for the stock, with several analysts raising their price targets, including Deutsche Bank, which increased its target from GBX 210 ($2.82) to GBX 240 ($3.22).
• The company reported a return on equity of 6.46% and a net margin of 21.19% in its latest earnings, with analysts anticipating EPS of 15.23 for the current year.

abrdn plc (LON:ABDN - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 206.80 ($2.80) and last traded at GBX 204.99 ($2.77), with a volume of 4674740 shares. The stock had previously closed at GBX 204.80 ($2.77).

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on ABDN shares. Royal Bank Of Canada boosted their target price on abrdn from GBX 130 ($1.76) to GBX 140 ($1.89) and gave the company an "outperform" rating in a report on Thursday, July 10th. Deutsche Bank Aktiengesellschaft boosted their target price on abrdn from GBX 210 ($2.84) to GBX 240 ($3.25) and gave the company a "buy" rating in a report on Wednesday, July 30th. JPMorgan Chase & Co. reaffirmed an "overweight" rating on shares of abrdn in a research note on Tuesday, July 29th. Jefferies Financial Group upped their price objective on abrdn from GBX 175 ($2.37) to GBX 180 ($2.44) and gave the company a "hold" rating in a research note on Friday, August 1st. Finally, Citigroup upped their price objective on abrdn from GBX 195 ($2.64) to GBX 200 ($2.71) and gave the company a "neutral" rating in a research note on Thursday, July 31st. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, abrdn currently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 195.60 ($2.65).

abrdn Trading Down 3.5%

The company has a 50 day simple moving average of GBX 193.89 and a 200 day simple moving average of GBX 169.97. 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 stock has a market capitalization of £3.50 billion, a PE ratio of 11.10, a P/E/G ratio of 12.70 and a beta of 1.25.

abrdn (LON:ABDN - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported GBX 7.60 ($0.10) EPS for the quarter. abrdn had a return on equity of 6.46% and a net margin of 21.19%. Analysts predict that abrdn plc 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.