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

abrdn Price Performance

ABDN stock traded down GBX 5.45 ($0.07) during trading on Friday, hitting GBX 195.15 ($2.58). 412,948,656 shares of the stock traded hands, compared to its average volume of 12,122,035. abrdn has a one year low of GBX 120.80 ($1.60) and a one year high of GBX 206.60 ($2.73). The stock has a market cap of £3.49 billion, a price-to-earnings ratio of 11.09, a P/E/G ratio of 12.70 and a beta of 1.25. The company has a 50 day simple moving average of GBX 188.82 and a 200 day simple moving average of GBX 166.26. The company has a current ratio of 225.80, a quick ratio of 24.97 and a debt-to-equity ratio of 12.25.

Analyst Upgrades and Downgrades

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

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.

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