Free Trial

Abrdn (OTCMKTS:SLFPY) Shares Gap Up - Should You Buy?

Abrdn logo with Finance background

Key Points

  • Abrdn PLC shares opened at $10.44 after closing at $10.10, indicating a gap up of 3.3% prior to trading on Thursday.
  • The Royal Bank Of Canada upgraded Abrdn shares from a "strong sell" to a "hold" rating, while the average rating remains at "Reduce" according to analysts.
  • Abrdn provides asset management services across various regions including the UK, Europe, North America, and Asia, focusing on investment solutions and life insurance products.
  • MarketBeat previews the top five stocks to own by October 1st.

Abrdn PLC Unsponsored ADR (OTCMKTS:SLFPY - Get Free Report) shares gapped up prior to trading on Thursday . The stock had previously closed at $10.10, but opened at $10.44. Abrdn shares last traded at $10.44, with a volume of 252 shares traded.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada upgraded shares of Abrdn from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 20th. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Reduce".

View Our Latest Analysis on SLFPY

Abrdn Stock Up 3.3%

The company's 50 day moving average price is $10.57 and its 200-day moving average price is $9.56. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.92 and a current ratio of 1.92.

Abrdn Company Profile

(Get Free Report)

abrdn plc provides asset management services in the United Kingdom, Europe, North America, and Asia. The company offers investment solutions and funds; long-term savings and investment products to individual and corporate customers; and life insurance and savings products. It provides its products through institutional, wholesale, and retail distribution channels.

Read More

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Abrdn Right Now?

Before you consider Abrdn, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Abrdn wasn't on the list.

While Abrdn currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

(Almost)  Everything You Need To Know About The EV Market Cover

Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.

Get This Free Report
Like this article? Share it with a colleague.