JPMorgan Chase & Co. Reiterates "Overweight" Rating for abrdn (LON:ABDN)

Key Points

• JPMorgan Chase & Co. has reiterated its "overweight" rating for abrdn (LON:ABDN), indicating confidence in the company's stock performance.
• Other analysts have also recently increased their target prices for abrdn, with Royal Bank of Canada raising it from GBX 130 ($1.74) to GBX 140 ($1.87) and Citigroup adjusting theirs from GBX 155 ($2.07) to GBX 195 ($2.61).
• As of the latest trading session, abrdn shares opened at GBX 200.40 ($2.68) and the company has a market capitalization of £3.59 billion.

JPMorgan Chase & Co. restated their overweight rating on shares of abrdn (LON:ABDN - Free Report) in a research report released on Tuesday, Marketbeat Ratings reports.

ABDN has been the topic of a number of other research reports. Citigroup upped their target price on shares of abrdn from GBX 155 ($2.05) to GBX 195 ($2.58) and gave the company a "neutral" rating in a research note on Wednesday, July 9th. Royal Bank Of Canada increased their price objective on shares of abrdn from GBX 130 ($1.72) to GBX 140 ($1.85) and gave the stock an "outperform" rating in a research note on Thursday, July 10th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, abrdn has an average rating of "Moderate Buy" and an average target price of GBX 195.60 ($2.58).

abrdn Stock Down 2.7%

ABDN stock traded down GBX 5.45 ($0.07) during trading on Tuesday, reaching GBX 195.15 ($2.58). The stock had a trading volume of 412,948,656 shares, compared to its average volume of 12,122,035. abrdn has a 1-year low of GBX 120.80 ($1.60) and a 1-year high of GBX 206.60 ($2.73). The company has a current ratio of 225.80, a quick ratio of 24.97 and a debt-to-equity ratio of 12.25. The company has a market capitalization of £3.49 billion, a P/E ratio of 11.09, a PEG ratio of 12.70 and a beta of 1.25. The firm has a fifty day moving average price of GBX 188.82 and a 200 day moving average price of GBX 166.26.

abrdn (LON:ABDN - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported GBX 7.60 ($0.10) EPS for the quarter. abrdn had a net margin of 21.19% and a return on equity of 6.46%. On average, equities analysts anticipate that abrdn will post 15.2266152 earnings per share for the current 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.