abrdn (LON:ABDN) Insider Torbjörn Magnusson Acquires 90,190 Shares of Stock

Key Points

• Insider purchase: Torbjörn Magnusson acquired 90,190 abrdn shares at GBX 222 each, worth approximately £200,222. He also bought 80,670 shares in September for about £197,642.
• Stock performance: abrdn shares fell 1.7% to GBX 220.60, with the stock trading between a 52-week range of GBX 179.60 and GBX 265.
• Analyst sentiment: Analysts have an overall “Hold” rating, with two Buys, three Holds and one Sell, and an average price target of GBX 226.50.

abrdn plc (LON:ABDN - Get Free Report) insider Torbjörn Magnusson bought 90,190 shares of abrdn stock in a transaction that occurred on Friday, October 30th. The shares were acquired at an average price of GBX 222 per share, for a total transaction of £200,221.80.

Torbjörn Magnusson also recently made the following trade(s):

• On Monday, September 21st, Torbjörn Magnusson acquired 80,670 shares of abrdn stock. The shares were acquired at an average price of GBX 245 per share, with a total value of £197,641.50.

abrdn Stock Down 1.7%

abrdn stock traded down GBX 3.80 during midday trading on Friday, hitting GBX 220.60. 1,896,876 shares of the company were exchanged, compared to its average volume of 21,103,539. The company has a debt-to-equity ratio of 10.77, a current ratio of 327.40 and a quick ratio of 24.97. abrdn plc has a fifty-two week low of GBX 179.60 and a fifty-two week high of GBX 265. The company's fifty day moving average price is GBX 240.65 and its 200-day moving average price is GBX 228.43. The company has a market cap of £3.95 billion, a PE ratio of 10.56, a price-to-earnings-growth ratio of 12.70 and a beta of 1.40.

abrdn (LON:ABDN - Get Free Report) last announced its earnings results on Wednesday, July 29th. The company reported GBX 8.40 earnings per share for the quarter. abrdn had a return on equity of 7.37% and a net margin of 28.07%. On average, research analysts predict that abrdn plc will post 15.23 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ABDN. Jefferies Financial Group reiterated a "hold" rating and set a GBX 210 price objective on shares of abrdn in a research note on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a GBX 270 target price on shares of abrdn in a research note on Friday, July 31st. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of GBX 226.50.

About abrdn

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