abrdn (LON:ABDN) Trading Down 0.2% - What's Next?

abrdn plc (LON:ABDN - Get Free Report)'s stock price dropped 0.2% on Tuesday . The stock traded as low as GBX 185.90 ($2.54) and last traded at GBX 186.89 ($2.55). Approximately 3,839,102 shares changed hands during mid-day trading, a decline of 63% from the average daily volume of 10,410,126 shares. The stock had previously closed at GBX 187.20 ($2.56).

Wall Street Analyst Weigh In

Separately, Citigroup lifted their target price on abrdn from GBX 140 ($1.91) to GBX 172 ($2.35) and gave the company a "neutral" rating in a research report on Thursday, March 6th.

abrdn Stock Up 2.8%

The firm's fifty day moving average is GBX 172.90 and its 200-day moving average is GBX 157.93. The company has a market capitalization of £3.44 billion, a P/E ratio of 10.91, 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.

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.