abrdn plc (LON:ABDN – Get Free Report) shares shot up 2.2% during trading on Thursday . The company traded as high as GBX 248.80 and last traded at GBX 248.60. 2,414,928 shares changed hands during trading, a decline of 90% from the average daily volume of 23,062,174 shares. The stock had previously closed at GBX 243.20.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 270 target price on shares of abrdn in a report on Friday, July 31st. Jefferies Financial Group reissued a “hold” rating and issued a GBX 210 price objective on shares of abrdn in a research report on Thursday, July 30th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of GBX 226.50.
Check Out Our Latest Stock Report on abrdn
abrdn Price Performance
abrdn (LON:ABDN – Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The company reported GBX 8.40 earnings per share (EPS) for the quarter. abrdn had a return on equity of 7.37% and a net margin of 28.07%. As a group, equities research analysts forecast that abrdn plc will post 15.2266152 EPS for the current fiscal year.
Insider Transactions at abrdn
In related news, insider Katie Bickerstaffe bought 8,313 shares of the stock in a transaction that occurred on Thursday, July 30th. The stock was purchased at an average cost of GBX 240 per share, for a total transaction of £19,951.20. Insiders own 0.96% of the company’s stock.
abrdn Company Profile
At Aberdeen, we believe investing is about more than numbers — it’s about ambitions, dreams, and the confidence to shape your future. From novice to expert, individual to institution, every day we work to help millions of people turn their financial goals into reality.
Whether they’re starting out, planning for retirement, advising others, or managing large portfolios, we partner with our customers and clients to ensure they have the tools and insight they need to navigate an ever-changing world.
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