abrdn (LON:ABDN) Shares Up 0.1% - Time to Buy?

Key Points

• abrdn plc's shares saw a slight increase of 0.1% during mid-day trading, closing at GBX 190.80 ($2.57) after a daily high of GBX 192.40 ($2.59).
• Wall Street analysts generally exhibit a positive outlook, with firms like Deutsche Bank and JPMorgan rating the stock as "buy" and "overweight," respectively, while the average rating remains a "Hold."
• The company's recent earnings report showed an EPS of GBX 7.60 and a net margin of 21.19%, indicating solid profitability despite the fluctuating stock performance.

abrdn plc (LON:ABDN - Get Free Report)'s stock price shot up 0.1% during mid-day trading on Wednesday . The company traded as high as GBX 192.40 ($2.59) and last traded at GBX 190.80 ($2.57). 3,090,905 shares traded hands during mid-day trading, a decline of 66% from the average session volume of 9,115,826 shares. The stock had previously closed at GBX 190.70 ($2.56).

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ABDN. JPMorgan Chase & Co. restated an "overweight" rating on shares of abrdn in a research note on Tuesday, July 29th. Deutsche Bank Aktiengesellschaft upped their price objective on abrdn from GBX 210 to GBX 240 and gave the company a "buy" rating in a research note on Wednesday, July 30th. Jefferies Financial Group upped their price objective on abrdn from GBX 175 to GBX 180 and gave the company a "hold" rating in a research note on Friday, August 1st. Citigroup upped their price objective on abrdn from GBX 195 to GBX 200 and gave the company a "neutral" rating in a research note on Thursday, July 31st. Finally, Royal Bank Of Canada upgraded abrdn to a "sector perform" rating and upped their price objective for the company from GBX 140 to GBX 195 in a research note on Wednesday, August 20th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, abrdn has an average rating of "Hold" and an average price target of GBX 206.60.

abrdn Price Performance

The company has a current ratio of 225.80, a quick ratio of 24.97 and a debt-to-equity ratio of 12.25. The business has a 50-day moving average price of GBX 194.50 and a 200 day moving average price of GBX 176.64. The stock has a market cap of £3.41 billion, a PE ratio of 1,096.55, a PEG ratio of 12.70 and a beta of 1.25.

abrdn (LON:ABDN - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported GBX 7.60 EPS for the quarter. abrdn had a return on equity of 6.46% and a net margin of 21.19%. As a group, research analysts forecast that abrdn plc will post 15.2266152 earnings per share 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.

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