Citigroup Forecasts Strong Price Appreciation for abrdn (LON:ABDN) Stock

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 increased by research analysts at Citigroup from GBX 195 ($2.59) to GBX 200 ($2.65) in a report released on Thursday, Marketbeat Ratings reports. The firm currently has a "neutral" rating on the stock. Citigroup's price objective indicates a potential upside of 2.49% from the stock's previous close.

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

abrdn Stock Down 2.7%

Shares of LON ABDN traded down GBX 5.45 ($0.07) on Thursday, hitting GBX 195.15 ($2.59). The company had a trading volume of 412,948,656 shares, compared to its average volume of 12,122,035. abrdn has a 12-month low of GBX 120.80 ($1.60) and a 12-month high of GBX 206.60 ($2.74). The business has a 50 day moving average of GBX 189.36 and a two-hundred day moving average of GBX 166.69. The company has a quick ratio of 24.97, a current ratio of 225.80 and a debt-to-equity ratio of 12.25. The firm has a market capitalization of £3.49 billion, a P/E ratio of 11.09, a PEG ratio of 12.70 and a beta of 1.25.

abrdn (LON:ABDN - Get Free Report) last announced its earnings results 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%. As a group, equities research analysts forecast that abrdn 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.