Aberdeen Asset Management plc (ADN) Upgraded at Morgan Stanley

Morgan Stanley upgraded shares of Aberdeen Asset Management plc (LON:ADN) to an equal weight rating in a report published on Wednesday. They currently have GBX 332 ($4.29) price objective on the stock, up from their previous price objective of GBX 260 ($3.36).

ADN has been the subject of a number of other research reports. Numis Securities Ltd lowered Aberdeen Asset Management plc to an add rating and lifted their price objective for the company from GBX 332 ($4.29) to GBX 338 ($4.37) in a research note on Thursday, May 4th. Royal Bank Of Canada upgraded Aberdeen Asset Management plc to a sector performer rating and reduced their price objective for the company from GBX 290 ($3.75) to GBX 285 ($3.68) in a research note on Wednesday, February 8th. Shore Capital reiterated a sell rating on shares of Aberdeen Asset Management plc in a research note on Monday, March 6th. Macquarie reiterated a neutral rating and set a GBX 271 ($3.50) price objective on shares of Aberdeen Asset Management plc in a research note on Monday, May 8th. Finally, Jefferies Group LLC reiterated a hold rating and set a GBX 287 ($3.71) price objective on shares of Aberdeen Asset Management plc in a research note on Monday, April 10th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of GBX 286 ($3.70).

Shares of Aberdeen Asset Management plc (LON ADN) opened at 291.60 on Wednesday. The company’s market cap is GBX 3.75 billion. The firm’s 50-day moving average price is GBX 289.25 and its 200 day moving average price is GBX 273.75. Aberdeen Asset Management plc has a 12-month low of GBX 212.50 and a 12-month high of GBX 354.40.

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The company also recently disclosed a dividend, which will be paid on Thursday, June 15th. Investors of record on Thursday, May 11th will be issued a GBX 7.50 ($0.10) dividend. This represents a yield of 2.58%. The ex-dividend date of this dividend is Thursday, May 11th.

Aberdeen Asset Management plc Company Profile

Aberdeen Asset Management PLC is a United Kingdom-based asset manager. The Company operates through asset management for reporting and control purposes. The Company is managed as a single asset management business, with multiple investment strategies of equities, fixed income and property, complemented by a solutions business, which provides multi asset, alternatives and quantitative investment capabilities.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “LSE:ADN”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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