Torbjörn Magnusson Acquires 80,670 Shares of abrdn (LON:ABDN) Stock

Key Points

• Insider purchase: Torbjörn Magnusson acquired 80,670 abrdn shares at GBX 245 each, for a total investment of approximately £197,642.
• Stock performance: abrdn shares rose to GBX 251.99, near their 12-month high of GBX 265, with a market capitalization of roughly £4.51 billion.
• Analyst view: Analysts maintain a consensus “Hold” rating with an average price target of GBX 226.50, despite Deutsche Bank’s “Buy” rating and GBX 270 target.

abrdn plc (LON:ABDN - Get Free Report) insider Torbjörn Magnusson purchased 80,670 shares of abrdn stock in a transaction that occurred on Monday, September 21st. The stock was acquired at an average price of GBX 245 per share, with a total value of £197,641.50.

abrdn Stock Performance

abrdn stock traded up GBX 5.19 during midday trading on Tuesday, hitting GBX 251.99. 9,577,509 shares of the company's stock were exchanged, compared to its average volume of 22,370,334. abrdn plc has a 12-month low of GBX 179.60 and a 12-month high of GBX 265. The company has a debt-to-equity ratio of 10.77, a quick ratio of 24.97 and a current ratio of 327.40. The stock has a market cap of £4.51 billion, a price-to-earnings ratio of 12.06, a price-to-earnings-growth ratio of 12.70 and a beta of 1.40. The firm's 50 day simple moving average is GBX 247.04 and its 200 day simple moving average is GBX 230.21.

abrdn (LON:ABDN - Get Free Report) last announced its earnings results on Wednesday, July 29th. The company reported GBX 8.40 EPS for the quarter. abrdn had a net margin of 28.07% and a return on equity of 7.37%. Equities research analysts predict that abrdn plc will post 15.2266152 EPS for the current year.

Wall Street Analysts Forecast Growth

ABDN has been the subject of several analyst reports. Jefferies Financial Group restated a "hold" rating and set a GBX 210 price target on shares of abrdn in a research note on Thursday, July 30th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a GBX 270 target price on shares of abrdn in a research report on Friday, July 31st. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, abrdn currently has a consensus rating of "Hold" and a consensus target price of GBX 226.50.

abrdn Company Profile

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