abrdn (LON:ABDN) Sets New 52-Week High - Still a Buy?

Key Points

• abrdn plc reached a new 52-week high, trading at GBX 211.40 ($2.82), with a recent last traded price of GBX 210.37 ($2.80) and a trading volume of over 3.2 million shares.
• Multiple analysts have issued ratings and price target upgrades on abrdn, with an average target of GBX 208.60 and two analysts rating the stock as a Buy.
• The company's financial metrics include a debt-to-equity ratio of 12.25, a market cap of £3.73 billion, and an earnings per share (EPS) projected at approximately 15.23 for the current year.

abrdn plc (LON:ABDN - Get Free Report) reached a new 52-week high during trading on Wednesday . The company traded as high as GBX 211.40 ($2.82) and last traded at GBX 210.37 ($2.80), with a volume of 3212989 shares. The stock had previously closed at GBX 209.40 ($2.79).

Wall Street Analysts Forecast Growth

ABDN has been the topic of a number of research analyst reports. Citigroup boosted their price target on abrdn from GBX 200 to GBX 205 and gave the stock a "hold" rating in a report on Thursday, October 2nd. Royal Bank Of Canada upgraded abrdn to a "sector perform" rating and increased their price target for the company from GBX 140 to GBX 195 in a report on Wednesday, August 20th. Jefferies Financial Group increased 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. Deutsche Bank Aktiengesellschaft increased 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. Finally, JPMorgan Chase & Co. reissued an "overweight" rating on shares of abrdn in a research report on Tuesday, July 29th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average price target of GBX 208.60.

abrdn Stock Performance

The company has a debt-to-equity ratio of 12.25, a current ratio of 225.80 and a quick ratio of 24.97. The firm has a market cap of £3.73 billion, a price-to-earnings ratio of 1,200.00, a P/E/G ratio of 12.70 and a beta of 1.25. The firm has a fifty day simple moving average of GBX 195.59 and a two-hundred day simple moving average of GBX 179.78.

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%. On average, analysts expect that abrdn plc will post 15.2266152 EPS for the current 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.

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