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

Key Points

• abrdn plc has reached a new 52-week high, trading at GBX 206.40 ($2.76), highlighting an upward trend in its stock performance.
• Multiple analysts have upgraded abrdn's stock ratings, with JPMorgan Chase & Co. setting a target price of GBX 218 ($2.91) and rating it as "overweight".
• The company currently has a market capitalization of £3.59 billion and a P/E ratio of 11.40, indicating relatively attractive valuation metrics compared to earnings.

abrdn plc (LON:ABDN - Get Free Report) reached a new 52-week high during trading on Tuesday . The company traded as high as GBX 206.40 ($2.73) and last traded at GBX 199.80 ($2.64), with a volume of 3178543 shares traded. The stock had previously closed at GBX 203.80 ($2.69).

Wall Street Analysts Forecast Growth

ABDN has been the topic of a number of research analyst reports. Citigroup raised their price target on abrdn from GBX 195 ($2.58) to GBX 200 ($2.64) and gave the stock a "neutral" rating in a research report on Thursday. Jefferies Financial Group raised their price target on abrdn from GBX 175 ($2.31) to GBX 180 ($2.38) and gave the stock a "hold" rating in a research report on Friday. Deutsche Bank Aktiengesellschaft raised their price target on abrdn from GBX 210 ($2.77) to GBX 240 ($3.17) and gave the stock a "buy" rating in a research report on Wednesday. JPMorgan Chase & Co. reaffirmed an "overweight" rating on shares of abrdn in a research report on Tuesday. Finally, Royal Bank Of Canada raised their price target on abrdn from GBX 130 ($1.72) to GBX 140 ($1.85) and gave the stock an "outperform" rating in a research report on Thursday, July 10th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of GBX 195.60 ($2.58).

abrdn Stock Performance

The stock has a 50-day moving average of GBX 188.82 and a 200-day moving average of GBX 166.26. The firm has a market cap of £3.49 billion, a price-to-earnings ratio of 11.09, a price-to-earnings-growth ratio of 12.70 and a beta of 1.25. The company has a debt-to-equity ratio of 12.25, a quick ratio of 24.97 and a current ratio of 225.80.

abrdn (LON:ABDN - Get Free Report) last announced 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%. As a group, analysts anticipate that abrdn plc 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.