Citigroup Boosts abrdn (LON:ABDN) Price Target to GBX 200

Key Points

• Citigroup analysts have increased the price target for abrdn (LON:ABDN) from GBX 195 ($2.59) to GBX 200 ($2.65), indicating a potential downside of 1.19% from the current stock price.
• Other firms, including JPMorgan Chase & Co. and Royal Bank Of Canada, have issued ratings that favorably assess abrdn, with Royal Bank raising its target price to GBX 140 ($1.86).
• As of Thursday, abrdn stock was trading at GBX 202.40 ($2.68) and has experienced a 1.7% increase, reflecting a market capitalization of £3.62 billion.

abrdn (LON:ABDN - Get Free Report) had its price objective hoisted by equities researchers at Citigroup from GBX 195 ($2.59) to GBX 200 ($2.66) in a report released on Thursday, Marketbeat.com reports. The brokerage currently has a "neutral" rating on the stock. Citigroup's target price indicates a potential upside of 1.13% from the stock's current price.

A number of other analysts have also issued reports on ABDN. Royal Bank Of Canada lifted their price target on abrdn from GBX 130 ($1.73) to GBX 140 ($1.86) and gave the stock an "outperform" rating in a research note on Thursday, July 10th. JPMorgan Chase & Co. restated an "overweight" rating on shares of abrdn in a research report on Tuesday, July 29th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, abrdn presently has an average rating of "Moderate Buy" and an average target price of GBX 195.60 ($2.60).

abrdn Stock Up 1.3%

LON ABDN traded up GBX 2.61 ($0.03) during trading on Thursday, hitting GBX 197.76 ($2.63). The company's stock had a trading volume of 4,206,044 shares, compared to its average volume of 9,332,945. 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 company has a market cap of £3.54 billion, a PE ratio of 11.24, a P/E/G ratio of 12.70 and a beta of 1.25. The business's 50 day simple moving average is GBX 189.36 and its 200-day simple moving average is GBX 167.11. abrdn has a fifty-two week low of GBX 120.80 ($1.60) and a fifty-two week high of GBX 206.60 ($2.74).

abrdn (LON:ABDN - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported GBX 7.60 ($0.10) earnings per share (EPS) for the quarter. abrdn had a return on equity of 6.46% and a net margin of 21.19%. On average, equities analysts anticipate that abrdn will post 15.2266152 EPS for the current fiscal year.

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.