Aberdeen Asset Management plc (ADN) Upgraded to “Buy” by HSBC Holdings plc

HSBC Holdings plc upgraded shares of Aberdeen Asset Management plc (LON:ADN) to a buy rating in a research note issued to investors on Friday morning. They currently have GBX 350 ($4.57) target price on the stock, up from their prior target price of GBX 286 ($3.73).

A number of other analysts also recently issued reports on the company. BNP Paribas reissued a neutral rating and set a GBX 280 ($3.66) price objective on shares of Aberdeen Asset Management plc in a research report on Monday, March 27th. Royal Bank Of Canada raised Aberdeen Asset Management plc to an outperform rating and set a GBX 300 ($3.92) price objective for the company in a research report on Friday, April 7th. Shore Capital reissued a sell rating on shares of Aberdeen Asset Management plc in a research report on Tuesday, May 2nd. Numis Securities Ltd downgraded Aberdeen Asset Management plc to an add rating and raised their price objective for the stock from GBX 332 ($4.34) to GBX 338 ($4.41) in a research report on Thursday, May 4th. Finally, Berenberg Bank started coverage on Aberdeen Asset Management plc in a research report on Thursday, June 15th. They set a hold rating and a GBX 290 ($3.79) price objective for the company. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of Hold and an average price target of GBX 290 ($3.79).

Shares of Aberdeen Asset Management plc (ADN) traded up 0.61% during mid-day trading on Friday, hitting GBX 314.70. 1,402,170 shares of the stock were exchanged. Aberdeen Asset Management plc has a 12 month low of GBX 244.40 and a 12 month high of GBX 354.40. The company has a 50-day moving average price of GBX 292.77 and a 200-day moving average price of GBX 275.91. The stock’s market cap is GBX 4.04 billion.

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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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