abrdn plc (LON:ABDN) Given Consensus Rating of “Hold” by Analysts

abrdn plc (LON:ABDNGet Rating) has received a consensus recommendation of “Hold” from the eight brokerages that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, five have given a hold recommendation and one has issued a buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is GBX 253.57 ($3.23).

Several equities research analysts recently commented on the stock. Berenberg Bank downgraded shares of abrdn to a “hold” rating and reduced their price target for the company from GBX 285 ($3.63) to GBX 260 ($3.31) in a research report on Tuesday, January 25th. Deutsche Bank Aktiengesellschaft increased their target price on shares of abrdn from GBX 230 ($2.93) to GBX 235 ($3.00) and gave the stock a “hold” rating in a research report on Thursday, March 24th. Morgan Stanley cut their target price on shares of abrdn from GBX 271 ($3.45) to GBX 225 ($2.87) and set an “underweight” rating for the company in a research report on Tuesday, March 29th. Barclays dropped their price target on shares of abrdn from GBX 245 ($3.12) to GBX 210 ($2.68) and set an “equal weight” rating on the stock in a research note on Thursday, March 3rd. Finally, Citigroup restated a “neutral” rating on shares of abrdn in a research note on Tuesday, January 11th.

Shares of LON:ABDN traded up GBX 1.90 ($0.02) during mid-day trading on Monday, hitting GBX 189.30 ($2.41). The stock had a trading volume of 8,320,828 shares, compared to its average volume of 5,884,261. The company has a debt-to-equity ratio of 11.85, a quick ratio of 4.11 and a current ratio of 7.14. The company has a market cap of £4.13 billion and a PE ratio of 4.12. abrdn has a 12-month low of GBX 164.80 ($2.10) and a 12-month high of GBX 300.40 ($3.83). The company’s 50 day moving average is GBX 201.08 and its 200-day moving average is GBX 229.47.

The company also recently announced a dividend, which will be paid on Tuesday, May 24th. Investors of record on Thursday, April 7th will be paid a GBX 7.30 ($0.09) dividend. The ex-dividend date of this dividend is Thursday, April 7th. This represents a yield of 3.53%. abrdn’s payout ratio is presently 0.32%.

In other abrdn news, insider Stephanie Bruce acquired 40,000 shares of abrdn stock in a transaction dated Thursday, March 3rd. The stock was bought at an average cost of GBX 199 ($2.54) per share, with a total value of £79,600 ($101,452.97). Also, insider Douglas J. Flint acquired 9,618 shares of abrdn stock in a transaction dated Friday, April 1st. The shares were acquired at an average cost of GBX 214 ($2.73) per share, with a total value of £20,582.52 ($26,233.14). Over the last three months, insiders acquired 100,483 shares of company stock valued at $19,987,792.

abrdn Company Profile (Get Rating)

abrdn plc provides asset management services in the United Kingdom, Europe, North America, and Asia. The company offers investment solutions and funds; long-term savings and investment products to individual and corporate customers; and life insurance and savings products. It provides its products through institutional, wholesale, and retail distribution channels.

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Analyst Recommendations for abrdn (LON:ABDN)

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