Aberdeen Asset Management plc (LON:ADN) Rating Increased to Buy at HSBC Holdings plc

Aberdeen Asset Management plc (LON:ADN) was upgraded by stock analysts at HSBC Holdings plc to a “buy” rating in a research report issued to clients and investors on Friday, July 14th. The firm presently has a GBX 350 ($4.56) price objective on the stock, up from their previous price objective of GBX 286 ($3.72). HSBC Holdings plc’s price target points to a potential upside of 10.20% from the company’s current price.

ADN has been the topic of several other reports. Numis Securities Ltd lowered Aberdeen Asset Management plc to an “add” rating and raised their price objective for the company from GBX 332 ($4.32) to GBX 338 ($4.40) in a report on Thursday, May 4th. Berenberg Bank started coverage on Aberdeen Asset Management plc in a research report on Thursday, June 15th. They issued a “hold” rating and a GBX 290 ($3.78) target price on the stock. Macquarie restated a “neutral” rating and issued a GBX 271 ($3.53) target price on shares of Aberdeen Asset Management plc in a research report on Monday, May 8th. Jefferies Group LLC restated a “hold” rating and issued a GBX 287 ($3.74) target price on shares of Aberdeen Asset Management plc in a research report on Monday, April 10th. Finally, Peel Hunt restated a “hold” rating and issued a GBX 280 ($3.65) target price on shares of Aberdeen Asset Management plc in a research report on Tuesday, May 2nd. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of GBX 292.81 ($3.81).

Aberdeen Asset Management plc (LON:ADN) traded down 1.37% on Friday, hitting GBX 317.60. 29,986,706 shares of the company were exchanged. Aberdeen Asset Management plc has a 52 week low of GBX 244.40 and a 52 week high of GBX 354.40. The company’s market capitalization is GBX 4.08 billion. The stock has a 50 day moving average of GBX 316.00 and a 200 day moving average of GBX 287.98.

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Aberdeen Asset Management plc Company Profile

Aberdeen Asset Management PLC is a United Kingdom-based asset manager. The Company operates through asset management for reporting and control purposes. The Company is managed as a single asset management business, with multiple investment strategies of equities, fixed income and property, complemented by a solutions business, which provides multi asset, alternatives and quantitative investment capabilities.

Analyst Recommendations for Aberdeen Asset Management plc (LON:ADN)

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