Citigroup Issues Positive Forecast for abrdn (LON:ABDN) Stock Price

abrdn (LON:ABDN - Get Free Report) had its target price hoisted by equities research analysts at Citigroup from GBX 155 ($2.11) to GBX 195 ($2.65) in a research report issued on Wednesday, MarketBeat Ratings reports. The firm presently has a "neutral" rating on the stock. Citigroup's target price indicates a potential upside of 2.96% from the company's current price.

Separately, JPMorgan Chase & Co. upgraded shares of abrdn to an "overweight" rating and set a GBX 218 ($2.96) price objective on the stock in a report on Monday.

abrdn Price Performance

ABDN traded up GBX 1 ($0.01) on Wednesday, hitting GBX 189.40 ($2.57). 5,062,395 shares of the company's stock were exchanged, compared to its average volume of 10,098,218. abrdn has a fifty-two week low of GBX 120.80 ($1.64) and a fifty-two week high of GBX 200.14 ($2.72). The company has a current ratio of 225.80, a quick ratio of 24.97 and a debt-to-equity ratio of 12.25. The firm has a 50-day moving average price of GBX 176.58 and a 200-day moving average price of GBX 159.49. The stock has a market cap of £3.39 billion, a price-to-earnings ratio of 10.77, a P/E/G ratio of 12.70 and a beta of 1.25.

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.