Deutsche Bank Aktiengesellschaft Has Lowered Expectations for abrdn (LON:ABDN) Stock Price

Key Points

• Deutsche Bank Aktiengesellschaft has reduced its price target for abrdn from GBX 245 to GBX 240, while maintaining a "buy" rating on the stock.
• Other analysts have mixed ratings on abrdn, with a consensus rating of "Hold" and a consensus price target of GBX 210.33, indicating varying levels of confidence among brokerage firms.
• abrdn shares recently traded up 0.8% to GBX 203.40, with a market capitalization of £3.64 billion and a P/E ratio of 11.69.

abrdn (LON:ABDN - Get Free Report) had its price objective reduced by analysts at Deutsche Bank Aktiengesellschaft from GBX 245 to GBX 240 in a research note issued on Wednesday, Marketbeat.com reports. The brokerage currently has a "buy" rating on the stock. Deutsche Bank Aktiengesellschaft's price target suggests a potential upside of 17.99% from the company's previous close.

Other equities analysts have also recently issued reports about the company. UBS Group reiterated a "sell" rating and set a GBX 175 price target on shares of abrdn in a report on Friday, October 17th. JPMorgan Chase & Co. increased their target price on shares of abrdn from GBX 234 to GBX 242 and gave the stock an "overweight" rating in a research note on Thursday. Citigroup lifted their price target on shares of abrdn from GBX 205 to GBX 220 and gave the company a "neutral" rating in a research report on Thursday. Royal Bank Of Canada upgraded shares of abrdn to a "sector perform" rating and upped their price objective for the stock from GBX 140 to GBX 195 in a report on Wednesday, August 20th. Finally, Jefferies Financial Group lifted their price objective on abrdn from GBX 180 to GBX 190 and gave the company a "hold" rating in a research note on Monday. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of GBX 210.33.

abrdn Trading Up 0.8%

Shares of ABDN stock traded up GBX 1.60 during trading on Wednesday, hitting GBX 203.40. 20,681,023 shares of the stock traded hands, compared to its average volume of 9,283,610. abrdn has a 52-week low of GBX 120.80 and a 52-week high of GBX 211.40. The firm has a market capitalization of £3.64 billion, a P/E ratio of 11.69, a price-to-earnings-growth ratio of 12.70 and a beta of 1.25. The firm's fifty day moving average price is GBX 195.54 and its 200-day moving average price is GBX 181.78. The company has a debt-to-equity ratio of 12.25, a current ratio of 225.80 and a quick ratio of 24.97.

abrdn (LON:ABDN - Get Free Report) last issued its quarterly earnings data 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%. As a group, research analysts forecast that abrdn will post 15.2266152 earnings per share for the current fiscal 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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