Insider Buying: abrdn (LON:ABDN) Insider Acquires £200,221.80 in Stock

abrdn plc (LON:ABDN) insider Torbjörn Magnusson acquired 90,190 shares of the business’s stock in a transaction that occurred on Friday, October 30th. The shares were acquired at an average cost of GBX 222 per share, for a total transaction of £200,221.80.

Torbjörn Magnusson also recently made the following trade(s):

• On Monday, September 21st, Torbjörn Magnusson purchased 80,670 shares of abrdn stock. The shares were purchased at an average price of GBX 245 per share, with a total value of £197,641.50.

abrdn Price Performance

ABDN stock opened at GBX 220.60 on Monday. The company has a quick ratio of 24.97, a current ratio of 327.40 and a debt-to-equity ratio of 10.77. abrdn plc has a fifty-two week low of GBX 179.60 and a fifty-two week high of GBX 265. The business has a 50 day moving average price of GBX 240.24 and a 200 day moving average price of GBX 228.46. The stock has a market cap of £3.95 billion, a price-to-earnings ratio of 10.56, a PEG ratio of 12.70 and a beta of 1.40.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ABDN. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 270 price target on shares of abrdn in a research report on Friday, July 31st. Jefferies Financial Group restated a “hold” rating and set a GBX 210 target price on shares of abrdn in a research report on Thursday, July 30th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of GBX 226.50.

abrdn Company Profile

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.