abrdn’s (ABDN) Sell Rating Reaffirmed at UBS Group

UBS Group reaffirmed their sell rating on shares of abrdn (LON:ABDN) in a research report report published on Friday, Marketbeat Ratings reports. They currently have a GBX 175 price target on the stock.

Several other brokerages also recently issued reports on ABDN. Deutsche Bank Aktiengesellschaft upped their price target on abrdn from GBX 240 to GBX 245 and gave the stock a “buy” rating in a report on Friday, October 3rd. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of abrdn in a research note on Tuesday, July 29th. Citigroup upped their price objective on shares of abrdn from GBX 200 to GBX 205 and gave the stock a “hold” rating in a research report on Thursday, October 2nd. Royal Bank Of Canada raised shares of abrdn to a “sector perform” rating and upped their price objective for the stock from GBX 140 to GBX 195 in a research report on Wednesday, August 20th. Finally, Jefferies Financial Group upped their price objective on shares of abrdn from GBX 175 to GBX 180 and gave the stock a “hold” rating in a research report on Friday, August 1st. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, abrdn has a consensus rating of “Hold” and an average price target of GBX 203.

abrdn Stock Performance

Shares of ABDN opened at GBX 199 on Friday. The company has a debt-to-equity ratio of 12.25, a quick ratio of 24.97 and a current ratio of 225.80. The stock has a 50 day moving average price of GBX 195.66 and a two-hundred day moving average price of GBX 180.61. The firm has a market capitalization of £3.56 billion, a P/E ratio of 1,143.68, a P/E/G ratio of 12.70 and a beta of 1.25. abrdn has a 52 week low of GBX 120.80 and a 52 week high of GBX 211.40.

abrdn (LON:ABDN) last issued its quarterly earnings data on Wednesday, July 30th. The company reported GBX 7.60 EPS for the quarter. abrdn had a return on equity of 6.46% and a net margin of 21.19%. Equities analysts forecast that abrdn will post 15.2266152 earnings per share for the current fiscal 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.