abrdn plc (LON:ABDN) Receives Average Recommendation of "Hold" from Brokerages

Key Points

• abrdn plc has received a consensus recommendation of "Hold" from six analysts, with target prices ranging from GBX 140 to GBX 205.
• As of the last trading day, abrdn's stock price was down 2.6%, closing at GBX 199.70, with a market capitalization of £3.57 billion.
• The company reported GBX 7.60 earnings per share in its last quarterly earnings, and analysts predict a total of 15.23 earnings per share for the current year.

abrdn plc (LON:ABDN - Get Free Report) has received a consensus recommendation of "Hold" from the six analysts that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is GBX 203.

Several equities analysts recently weighed in on ABDN shares. Citigroup raised their price target on shares of abrdn from GBX 200 to GBX 205 and gave the company a "hold" rating in a research report on Thursday, October 2nd. Jefferies Financial Group lifted their target price on shares of abrdn from GBX 175 to GBX 180 and gave the stock a "hold" rating in a research report on Friday, August 1st. Royal Bank Of Canada raised shares of abrdn to a "sector perform" rating and lifted their target price for the stock from GBX 140 to GBX 195 in a research report on Wednesday, August 20th. UBS Group reissued a "sell" rating and set a GBX 175 target price on shares of abrdn in a research report on Friday. Finally, JPMorgan Chase & Co. reissued an "overweight" rating on shares of abrdn in a research report on Tuesday, July 29th.

abrdn Trading Down 2.6%

abrdn stock traded down GBX 5.30 during trading hours on Friday, reaching GBX 199.70. 3,950,219 shares of the company's stock were exchanged, compared to its average volume of 9,290,975. The company has a quick ratio of 24.97, a current ratio of 225.80 and a debt-to-equity ratio of 12.25. The firm's 50 day simple moving average is GBX 195.75 and its 200 day simple moving average is GBX 180.32. abrdn has a twelve month low of GBX 120.80 and a twelve month high of GBX 211.40. The firm has a market capitalization of £3.57 billion, a PE ratio of 1,147.70, a PEG ratio of 12.70 and a beta of 1.25.

abrdn (LON:ABDN - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported GBX 7.60 earnings per share for the quarter. abrdn had a return on equity of 6.46% and a net margin of 21.19%. Research analysts predict that abrdn will post 15.2266152 earnings per share for the current year.

About abrdn

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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