abrdn (LON:ABDN) Announces Quarterly Earnings Results

Key Points

• abrdn reported quarterly earnings of GBX 7.60 ($0.10) per share, with a return on equity of 6.46% and a net margin of 21.19%.
• The company's stock traded at GBX 195.15 ($2.58), showing a 52-week range from a low of GBX 120.80 ($1.60) to a high of GBX 206.60 ($2.73).
• Analysts have given abrdn a consensus rating of "Moderate Buy", with price targets ranging from GBX 140 ($1.85) to GBX 240 ($3.17).

abrdn (LON:ABDN - Get Free Report) announced its quarterly earnings data on Wednesday. The company reported GBX 7.60 ($0.10) earnings per share (EPS) for the quarter, Digital Look Earnings reports. abrdn had a return on equity of 6.46% and a net margin of 21.19%.

abrdn Stock Up 1.0%

abrdn stock traded up GBX 1.90 ($0.03) during mid-day trading on Tuesday, reaching GBX 199.40 ($2.65). The stock had a trading volume of 3,579,526 shares, compared to its average volume of 9,291,192. abrdn has a one year low of GBX 120.80 ($1.61) and a one year high of GBX 206.60 ($2.75). The company has a 50-day moving average price of GBX 189.95 and a two-hundred day moving average price of GBX 167.53. The company has a market capitalization of £3.57 billion, a price-to-earnings ratio of 11.34, a PEG ratio of 12.70 and a beta of 1.25. The company has a debt-to-equity ratio of 12.25, a current ratio of 225.80 and a quick ratio of 24.97.

Wall Street Analyst Weigh In

ABDN has been the subject of a number of research analyst reports. Citigroup lifted their price objective on shares of abrdn from GBX 195 ($2.59) to GBX 200 ($2.66) and gave the stock a "neutral" rating in a report on Thursday, July 31st. JPMorgan Chase & Co. reaffirmed an "overweight" rating on shares of abrdn in a research note on Tuesday, July 29th. Royal Bank Of Canada raised their price objective on abrdn from GBX 130 ($1.73) to GBX 140 ($1.86) and gave the company an "outperform" rating in a research note on Thursday, July 10th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of abrdn from GBX 210 ($2.79) to GBX 240 ($3.19) and gave the company a "buy" rating in a research note on Wednesday, July 30th. Finally, Jefferies Financial Group upped their price objective on shares of abrdn from GBX 175 ($2.33) to GBX 180 ($2.39) and gave the company a "hold" rating in a research note on Friday. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of GBX 195.60 ($2.60).

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.