abrdn plc (LON:ABDN) Given Average Recommendation of “Hold” by Analysts

Shares of abrdn plc (LON:ABDN) have been assigned an average recommendation of “Hold” from the six research firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is GBX 226.50.

ABDN has been the topic of a number of research analyst reports. Jefferies Financial Group restated a “hold” rating and set a GBX 210 price objective on shares of abrdn in a research report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 270 target price on shares of abrdn in a report on Friday, July 31st.

Insider Buying and Selling

In other abrdn news, insider Katie Bickerstaffe acquired 8,313 shares of the company’s stock in a transaction dated Thursday, July 30th. The stock was purchased at an average price of GBX 240 per share, with a total value of £19,951.20. 0.96% of the stock is currently owned by corporate insiders.

abrdn Price Performance

Shares of LON:ABDN opened at GBX 248.19 on Monday. abrdn has a fifty-two week low of GBX 177.52 and a fifty-two week high of GBX 265. The business has a 50-day simple moving average of GBX 247.75 and a two-hundred day simple moving average of GBX 227.79. The company has a debt-to-equity ratio of 10.77, a quick ratio of 24.97 and a current ratio of 327.40. The firm has a market cap of £4.44 billion, a price-to-earnings ratio of 11.88, a price-to-earnings-growth ratio of 12.70 and a beta of 1.40.

abrdn (LON:ABDN) last announced its quarterly earnings results on Wednesday, July 29th. The company reported GBX 8.40 earnings per share (EPS) for the quarter. abrdn had a net margin of 28.07% and a return on equity of 7.37%. On average, analysts expect that abrdn will post 15.2266152 earnings per share for the current year.

About abrdn

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