abrdn (LON:ABDN) Trading Down 5.3% - Time to Sell?

Key Points

• abrdn plc shares fell by 5.3% to GBX 183.60 ($2.46) during trading, with a volume decline of 21% compared to the average daily trading volume.
• Multiple brokerages have adjusted their target prices for abrdn, with ratings ranging from "Buy" to "Hold," resulting in a consensus target price of GBX 206.60.
• The company's financial metrics include a debt-to-equity ratio of 12.25, and analysts project earnings per share of approximately 15.23 for the current fiscal year.

Shares of abrdn plc (LON:ABDN - Get Free Report) dropped 5.3% during trading on Tuesday . The stock traded as low as GBX 183.40 ($2.46) and last traded at GBX 183.60 ($2.46). Approximately 6,763,971 shares changed hands during mid-day trading, a decline of 21% from the average daily volume of 8,570,066 shares. The stock had previously closed at GBX 193.80 ($2.60).

Analyst Ratings Changes

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

abrdn Stock Performance

The company has a debt-to-equity ratio of 12.25, a quick ratio of 24.97 and a current ratio of 225.80. The firm has a market cap of £3.28 billion, a P/E ratio of 1,055.17, a P/E/G ratio of 12.70 and a beta of 1.25. The company's 50 day moving average is GBX 195.76 and its 200 day moving average is GBX 174.02.

abrdn (LON:ABDN - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported GBX 7.60 earnings per share for the quarter. abrdn had a net margin of 21.19% and a return on equity of 6.46%. As a group, equities analysts predict 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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