Citigroup Increases abrdn (LON:ABDN) Price Target to GBX 205

Key Points

• Citigroup has raised the price target for abrdn (LON:ABDN) from GBX 200 to GBX 205, maintaining a "hold" rating, suggesting a potential upside of 2.60% from the previous close.
• Other analysts have also issued recommendations, with Jefferies Financial Group setting a target of GBX 180 and Royal Bank of Canada setting it at GBX 195, indicating a strong interest in the stock among various institutions.
• As of now, abrdn holds an average price target of GBX 207.60 from analysts, while the company's stock has fluctuated between GBX 120.80 and GBX 206.80 over the past year.

abrdn (LON:ABDN - Get Free Report) had its price objective increased by equities researchers at Citigroup from GBX 200 to GBX 205 in a research report issued to clients and investors on Thursday,Digital Look reports. The firm presently has a "hold" rating on the stock. Citigroup's price objective would indicate a potential upside of 2.60% from the stock's previous close.

ABDN has been the topic of a number of other reports. Jefferies Financial Group boosted their target price on shares of abrdn from GBX 175 to GBX 180 and gave the stock a "hold" rating in a report on Friday, August 1st. Royal Bank Of Canada upgraded shares of abrdn to a "sector perform" rating and boosted their target price for the stock from GBX 140 to GBX 195 in a report on Wednesday, August 20th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of abrdn from GBX 210 to GBX 240 and gave the stock a "buy" rating in a report on Wednesday, July 30th. Finally, JPMorgan Chase & Co. restated an "overweight" rating on shares of abrdn in a report on Tuesday, July 29th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of GBX 207.60.

abrdn Price Performance

LON ABDN opened at GBX 199.80 on Thursday. The company has a quick ratio of 24.97, a current ratio of 225.80 and a debt-to-equity ratio of 12.25. abrdn has a 12-month low of GBX 120.80 and a 12-month high of GBX 206.80. The company has a market capitalization of £3.57 billion, a PE ratio of 1,148.28, a price-to-earnings-growth ratio of 12.70 and a beta of 1.25. The firm's 50 day moving average is GBX 194.18 and its 200-day moving average is GBX 177.36.

abrdn (LON:ABDN - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported GBX 7.60 earnings per share (EPS) for the quarter. abrdn had a net margin of 21.19% and a return on equity of 6.46%. Equities research analysts anticipate that abrdn 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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