abrdn (LON:ABDN) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

Shares of abrdn plc (LON:ABDN) crossed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of GBX 228.64 and traded as high as GBX 231. abrdn shares last traded at GBX 230.60, with a volume of 3,564,783 shares traded.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 270 price objective on shares of abrdn in a research report on Friday, July 31st. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 210 price target on shares of abrdn in a report on Thursday, July 30th. Two 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 MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of GBX 226.50.

abrdn Stock Down 1.9%

The firm has a 50 day simple moving average of GBX 238.16 and a two-hundred day simple moving average of GBX 228.70. The stock has a market cap of £4.01 billion, a price-to-earnings ratio of 10.71, a price-to-earnings-growth ratio of 12.70 and a beta of 1.40. The company has a debt-to-equity ratio of 10.77, a current ratio of 327.40 and a quick ratio of 24.97.

Insider Buying and Selling at abrdn

In related news, insider Katie Bickerstaffe bought 9,033 shares of the company’s stock in a transaction on Friday, October 23rd. The shares were purchased at an average cost of GBX 215 per share, for a total transaction of £19,420.95. Also, insider Torbjörn Magnusson acquired 90,190 shares of the company’s stock in a transaction that occurred on Friday, October 30th. The shares were bought at an average price of GBX 222 per share, for a total transaction of £200,221.80. Insiders bought a total of 179,893 shares of company stock valued at $41,728,425 in the last three months. 0.71% of the stock is owned by company insiders.

About abrdn

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.