JPMorgan Chase & Co. Forecasts Strong Price Appreciation for abrdn (LON:ABDN) Stock

Key Points

• JPMorgan Chase & Co. has raised its price target for abrdn (LON:ABDN) from GBX 234 to GBX 242, indicating a potential upside of 18.98% from the current stock price, while maintaining an "overweight" rating.
• Other brokerages, including Deutsche Bank and Citigroup, have also increased their price targets, with abrdn receiving ratings ranging from "buy" to "sell" and a consensus rating of "hold" with a target price of GBX 210.33.
• abrdn's recent trading performance shows a 12-month low of GBX 120.80 and a high of GBX 211.40, with the stock currently trading around GBX 203.40.

abrdn (LON:ABDN - Get Free Report) had its target price boosted by JPMorgan Chase & Co. from GBX 234 to GBX 242 in a note issued to investors on Thursday, Marketbeat Ratings reports. The firm presently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price objective would indicate a potential upside of 18.98% from the company's current price.

A number of other brokerages also recently issued reports on ABDN. Deutsche Bank Aktiengesellschaft raised their price objective on abrdn from GBX 240 to GBX 245 and gave the stock a "buy" rating in a research report on Friday, October 3rd. Citigroup boosted their price target on shares of abrdn from GBX 205 to GBX 220 and gave the stock a "neutral" rating in a report on Thursday. Jefferies Financial Group upped their price target on abrdn from GBX 180 to GBX 190 and gave the company a "hold" rating in a report on Monday. UBS Group reissued a "sell" rating and issued a GBX 175 target price on shares of abrdn in a research report on Friday, October 17th. Finally, Royal Bank Of Canada upgraded shares of abrdn to a "sector perform" rating and increased their price target for the stock from GBX 140 to GBX 195 in a research note on Wednesday, August 20th. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, abrdn presently has a consensus rating of "Hold" and a consensus price target of GBX 210.33.

abrdn Price Performance

LON ABDN traded up GBX 1.60 during mid-day trading on Thursday, hitting GBX 203.40. The stock had a trading volume of 20,681,023 shares, compared to its average volume of 9,283,610. The firm's 50 day moving average is GBX 195.54 and its 200 day moving average is GBX 181.78. abrdn has a twelve month low of GBX 120.80 and a twelve month high of GBX 211.40. The company has a debt-to-equity ratio of 12.25, a current ratio of 225.80 and a quick ratio of 24.97. The stock has a market capitalization of £3.64 billion, a price-to-earnings ratio of 11.69, a PEG ratio of 12.70 and a beta of 1.25.

abrdn (LON:ABDN - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported GBX 7.60 EPS for the quarter. abrdn had a net margin of 21.19% and a return on equity of 6.46%. Equities research analysts forecast that abrdn will post 15.2266152 earnings per share for the current fiscal year.

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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