abrdn (LON:ABDN) Stock Price Expected to Rise, Citigroup Analyst Says

abrdn (LON:ABDN) had its target price boosted by Citigroup from GBX 140 ($1.81) to GBX 172 ($2.22) in a research note issued to investors on Thursday, MarketBeat.com reports. Citigroup currently has a neutral rating on the stock.

abrdn Stock Down 0.6 %

ABDN opened at GBX 175 ($2.26) on Thursday. abrdn has a 12 month low of GBX 130.50 ($1.69) and a 12 month high of GBX 186.48 ($2.41). The company has a debt-to-equity ratio of 12.25, a current ratio of 225.80 and a quick ratio of 24.97. The stock has a market cap of £3.13 billion, a P/E ratio of 9.95, a P/E/G ratio of 12.70 and a beta of 1.25. The stock’s 50 day moving average price is GBX 150.77 and its 200 day moving average price is GBX 148.35.

abrdn (LON:ABDN) last posted its earnings results on Tuesday, March 4th. The company reported GBX 15.20 ($0.20) EPS for the quarter. abrdn had a return on equity of 6.46% and a net margin of 21.19%. As a group, research analysts predict that abrdn will post 15.2266152 earnings per share for the current year.

Insider Buying and Selling at abrdn

In other news, insider Jason Windsor purchased 357,635 shares of the firm’s stock in a transaction on Wednesday, December 18th. The stock was purchased at an average cost of GBX 139 ($1.80) per share, with a total value of £497,112.65 ($642,347.40). 2.41% of the stock is currently owned by corporate insiders.

abrdn Company Profile

abrdn is a global investment company that helps clients and customers plan, save, and invest for the future.

Our purpose is to enable our clients to be better investors.

Our strategy is to deliver client-led growth. We are structured around three businesses – Investments, Adviser and interactive investor – focused on the changing needs of our clients.

The capabilities in our Investments business are built on the strength of our insight – generated from wide-ranging research, worldwide investment expertise and local market knowledge.

Our Adviser business provides financial planning solutions and technology for UK financial advisers, enabling them to create value for their businesses and their clients.

interactive investor, the UK’s second largest direct-to-consumer investment platform, enables individuals in the UK to plan, save and invest in the way that works for them.

abrdn.com

The value of investments and the income from them can go down as well as up and investors may get back less than the amount invested.