Deutsche Bank Aktiengesellschaft Raises abrdn (LON:ABDN) Price Target to GBX 245

Key Points

• Deutsche Bank Aktiengesellschaft has raised its price target for abrdn from GBX 240 to GBX 245, indicating a potential upside of 17.55% from the current price.
• abrdn's stock has recently gained 1.9%, trading at GBX 208.42, with a market capitalization of £3.73 billion.
• The company currently holds a consensus rating of "Hold" with an average target price of GBX 208.60, according to multiple research firms.

abrdn (LON:ABDN - Get Free Report) had its target price increased by stock analysts at Deutsche Bank Aktiengesellschaft from GBX 240 to GBX 245 in a research note issued on Friday,London Stock Exchange reports. The firm currently has a "buy" rating on the stock. Deutsche Bank Aktiengesellschaft's target price would suggest a potential upside of 17.55% from the company's current price.

Several other research firms have also recently weighed in on ABDN. JPMorgan Chase & Co. reaffirmed an "overweight" rating on shares of abrdn in a research report on Tuesday, July 29th. Royal Bank Of Canada upgraded abrdn to a "sector perform" rating and boosted their price objective for the company from GBX 140 to GBX 195 in a research report on Wednesday, August 20th. Citigroup raised their target price on abrdn from GBX 200 to GBX 205 and gave the stock a "hold" rating in a research report on Thursday. Finally, Jefferies Financial Group lifted their price target on shares of abrdn from GBX 175 to GBX 180 and gave the stock a "hold" rating in a research note on Friday, August 1st. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of GBX 208.60.

abrdn Stock Up 1.9%

LON ABDN traded up GBX 3.92 during trading on Friday, hitting GBX 208.42. 4,072,463 shares of the company traded hands, compared to its average volume of 8,909,029. The company has a market capitalization of £3.73 billion, a P/E ratio of 1,197.80, a PEG ratio of 12.70 and a beta of 1.25. The business has a fifty day simple moving average of GBX 194.15 and a 200 day simple moving average of GBX 177.81. abrdn has a 12 month low of GBX 120.80 and a 12 month high of GBX 209.80. The company has a current ratio of 225.80, a quick ratio of 24.97 and a debt-to-equity ratio of 12.25.

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%. As a group, sell-side analysts predict that abrdn will post 15.2266152 EPS for the current 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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