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

abrdn (LON:ABDN - Get Free Report) had its target price increased by equities researchers at Citigroup from GBX 155 ($2.11) to GBX 195 ($2.65) in a research report issued on Wednesday,Digital Look reports. The firm presently has a "neutral" rating on the stock. Citigroup's price objective indicates a potential upside of 3.17% from the stock's current price.

Separately, JPMorgan Chase & Co. raised abrdn to an "overweight" rating and set a GBX 218 ($2.96) target price for the company in a research note on Monday.

abrdn Price Performance

LON:ABDN opened at GBX 189 ($2.57) on Wednesday. abrdn has a one year low of GBX 120.80 ($1.64) and a one year high of GBX 200.14 ($2.72). The company has a debt-to-equity ratio of 12.25, a quick ratio of 24.97 and a current ratio of 225.80. The stock has a market cap of £3.38 billion, a PE ratio of 10.74, a P/E/G ratio of 12.70 and a beta of 1.25. The stock has a 50 day moving average price of GBX 176.58 and a 200 day moving average price of GBX 159.49.

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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