Royal Bank Of Canada Boosts abrdn (LON:ABDN) Price Target to GBX 140

abrdn (LON:ABDN - Get Free Report) had its target price boosted by investment analysts at Royal Bank Of Canada from GBX 130 ($1.77) to GBX 140 ($1.90) in a note issued to investors on Thursday, Marketbeat Ratings reports. The brokerage presently has an "outperform" rating on the stock. Royal Bank Of Canada's target price indicates a potential downside of 27.20% from the stock's previous close.

Several other brokerages have also weighed in on ABDN. JPMorgan Chase & Co. raised abrdn to an "overweight" rating and set a GBX 218 ($2.96) target price on the stock in a research report on Monday. Citigroup increased their target price on abrdn from GBX 155 ($2.11) to GBX 195 ($2.65) and gave the stock a "neutral" rating in a research report on Wednesday.

abrdn Stock Performance

Shares of ABDN stock traded up GBX 1.30 ($0.02) on Thursday, hitting GBX 192.30 ($2.61). 2,586,767 shares of the stock traded hands, compared to its average volume of 9,981,973. 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 capitalization of £3.44 billion, a PE ratio of 10.93, a PEG ratio of 12.70 and a beta of 1.25. abrdn has a 1-year low of GBX 120.80 ($1.64) and a 1-year high of GBX 200.14 ($2.72). The company's fifty day moving average is GBX 178.11 and its 200 day moving average is GBX 160.07.

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.