abrdn (LON:ABDN) Given New GBX 140 Price Target at Royal Bank Of Canada

abrdn (LON:ABDN - Get Free Report) had its price target raised by equities researchers at Royal Bank Of Canada from GBX 130 ($1.75) to GBX 140 ($1.89) in a research note issued on Thursday, Marketbeat.com reports. The brokerage currently has an "outperform" rating on the stock. Royal Bank Of Canada's price objective indicates a potential downside of 27.20% from the company's current price.

Other analysts also recently issued research reports about the stock. JPMorgan Chase & Co. raised shares of abrdn to an "overweight" rating and set a GBX 218 ($2.94) price objective for the company in a research report on Monday, July 7th. Citigroup increased their price objective on shares of abrdn from GBX 155 ($2.09) to GBX 195 ($2.63) and gave the stock a "neutral" rating in a research report on Wednesday.

abrdn Trading Up 0.7%

Shares of abrdn stock traded up GBX 1.30 ($0.02) on Thursday, hitting GBX 192.30 ($2.59). The stock had a trading volume of 2,586,767 shares, compared to its average volume of 9,981,973. The stock has a 50 day moving average of GBX 178.82 and a 200 day moving average of GBX 160.73. The company has a debt-to-equity ratio of 12.25, a quick ratio of 24.97 and a current ratio of 225.80. abrdn has a twelve month low of GBX 120.80 ($1.63) and a twelve month high of GBX 200.14 ($2.70). The firm has a market capitalization of £3.44 billion, a P/E ratio of 10.93, a PEG ratio of 12.70 and a beta of 1.25.

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.