Aberdeen Asset Management plc Upgraded to “Outperform” by Macquarie (ADN)

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Aberdeen Asset Management plc (LON:ADN) was upgraded by research analysts at Macquarie to an “outperform” rating in a report released on Thursday. The firm currently has a GBX 471 ($7.92) target price on the stock. Macquarie’s price objective indicates a potential upside of 9.79% from the stock’s previous close.

Several other analysts have also recently commented on the stock. Analysts at Barclays reiterated an “overweight” rating on shares of Aberdeen Asset Management plc in a research note on Tuesday. They now have a GBX 490 ($8.24) price target on the stock. Separately, analysts at Numis Securities Ltd reiterated a “hold” rating on shares of Aberdeen Asset Management plc in a research note on Friday, May 16th. They now have a GBX 455 ($7.65) price target on the stock. Finally, analysts at Berenberg Bank reiterated a “buy” rating on shares of Aberdeen Asset Management plc in a research note on Friday, May 16th. They now have a GBX 530 ($8.92) price target on the stock. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 465.18 ($7.82).

Aberdeen Asset Management plc (LON:ADN) opened at 439.30 on Thursday. Aberdeen Asset Management plc has a one year low of GBX 342.60 and a one year high of GBX 500.00. The stock has a 50-day moving average of GBX 433.8 and a 200-day moving average of GBX 431.3. The company’s market cap is £5.034 billion.

The company also recently declared a dividend, which is scheduled for Thursday, June 19th. Shareholders of record on Wednesday, May 14th will be given a dividend of GBX 6.75 ($0.11) per share. This represents a yield of 1.55%. The ex-dividend date of this dividend is Wednesday, May 14th.

Aberdeen Asset Management PLC is a global asset management company investing across the four main asset classes of equity, fixed income, property and alternative investment strategies.

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