abrdn (LON:ABDN) Trading Up 1% - What's Next?

abrdn plc (LON:ABDN - Get Free Report)'s share price shot up 1% during trading on Monday . The stock traded as high as GBX 145 ($1.92) and last traded at GBX 144.40 ($1.92). 3,239,561 shares were traded during mid-day trading, a decline of 76% from the average session volume of 13,419,578 shares. The stock had previously closed at GBX 142.90 ($1.90).

Analysts Set New Price Targets

Separately, Citigroup raised their price target on abrdn from GBX 140 ($1.86) to GBX 172 ($2.28) and gave the stock a "neutral" rating in a research note on Thursday, March 6th.

abrdn Stock Up 0.1 %

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 stock has a market cap of £2.81 billion, a price-to-earnings ratio of 8.91, a price-to-earnings-growth ratio of 12.70 and a beta of 1.25. The firm's 50-day moving average is GBX 153.96 and its 200 day moving average is GBX 147.84.

abrdn (LON:ABDN - Get Free Report) last released its quarterly earnings data on Tuesday, March 4th. The company reported GBX 15.20 ($0.20) EPS for the quarter. abrdn had a return on equity of 6.46% and a net margin of 21.19%. Sell-side analysts anticipate that abrdn plc will post 15.2266152 earnings per share for the current fiscal year.

abrdn Dividend Announcement

The company also recently announced a dividend, which will be paid on Tuesday, May 13th. Stockholders of record on Thursday, March 27th will be issued a dividend of GBX 7.30 ($0.10) per share. This represents a dividend yield of 4.17%. The ex-dividend date of this dividend is Thursday, March 27th. abrdn's payout ratio is currently 85.27%.

Insider Buying and Selling

In related news, insider Jason Windsor sold 84,587 shares of the business's stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of GBX 169 ($2.24), for a total transaction of £142,952.03 ($189,742.54). Corporate insiders own 2.41% of the company's stock.

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.