abrdn (LON:ABDN) Trading Up 1% - Time to Buy?

abrdn plc (LON:ABDN - Get Free Report) shot up 1% on Monday . The company traded as high as GBX 145 ($1.93) and last traded at GBX 144.40 ($1.92). 3,239,561 shares changed hands during 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).

Analyst Upgrades and Downgrades

Separately, Citigroup increased their target price on shares of abrdn from GBX 140 ($1.87) to GBX 172 ($2.29) and gave the stock a "neutral" rating in a report on Thursday, March 6th.

abrdn Price Performance

The company has a market capitalization of £2.80 billion, a PE ratio of 8.90, a P/E/G ratio of 12.70 and a beta of 1.25. The stock has a 50 day moving average price of GBX 154 and a two-hundred day moving average price of GBX 147.79. 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 (LON:ABDN - Get Free Report) last issued its quarterly earnings data on Tuesday, March 4th. The company reported GBX 15.20 ($0.20) earnings per share (EPS) for the quarter. abrdn had a return on equity of 6.46% and a net margin of 21.19%. Equities analysts forecast that abrdn plc will post 15.2266152 earnings per share for the current year.

abrdn Dividend Announcement

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

Insider Activity at abrdn

In other abrdn news, insider Jason Windsor sold 84,587 shares of the company's stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of GBX 169 ($2.25), for a total value of £142,952.03 ($190,475.72). 2.41% of the stock is currently owned by insiders.

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.