abrdn (LON:ABDN) Given New GBX 195 Price Target at Citigroup

abrdn (LON:ABDN - Get Free Report) had its target price hoisted by equities researchers at Citigroup from GBX 155 ($2.09) to GBX 195 ($2.63) in a report issued on Wednesday, Marketbeat.com reports. The brokerage presently has a "neutral" rating on the stock. Citigroup's price objective would indicate a potential upside of 1.40% from the stock's previous close.

Separately, JPMorgan Chase & Co. upgraded abrdn to an "overweight" rating and set a GBX 218 ($2.94) target price on the stock in a research report on Monday, July 7th.

abrdn Stock Performance

LON ABDN traded up GBX 1.30 ($0.02) on Wednesday, hitting GBX 192.30 ($2.59). 2,586,767 shares of the stock traded hands, compared to its average volume of 9,981,973. The business's fifty day moving average is GBX 178.82 and its two-hundred day moving average is GBX 160.58. abrdn has a 12 month low of GBX 120.80 ($1.63) and a 12 month high of GBX 200.14 ($2.70). The firm has a market capitalization of £3.44 billion, a price-to-earnings ratio of 10.93, a PEG ratio of 12.70 and a beta of 1.25. The company has a debt-to-equity ratio of 12.25, a quick ratio of 24.97 and a current ratio of 225.80.

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.