Citigroup Forecasts Strong Price Appreciation for abrdn (LON:ABDN) Stock

abrdn (LON:ABDN) had its price target lifted by equities research analysts at Citigroup from GBX 140 ($1.81) to GBX 172 ($2.22) in a research report issued on Thursday, Marketbeat reports. The brokerage currently has a “neutral” rating on the stock. Citigroup’s target price would indicate a potential downside of 1.71% from the company’s previous close.

abrdn Stock Down 0.6 %

abrdn stock opened at GBX 175 ($2.26) on Thursday. The firm has a market cap of £3.13 billion, a price-to-earnings ratio of 9.95, a P/E/G ratio of 12.70 and a beta of 1.25. The company has a debt-to-equity ratio of 12.25, a current ratio of 225.80 and a quick ratio of 24.97. abrdn has a fifty-two week low of GBX 130.50 ($1.69) and a fifty-two week high of GBX 186.48 ($2.41). The firm has a fifty day moving average price of GBX 150.09 and a two-hundred day moving average price of GBX 148.17.

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

Insider Activity

In other abrdn news, insider Jason Windsor bought 357,635 shares of the stock in a transaction that occurred on Wednesday, December 18th. The shares were acquired at an average price of GBX 139 ($1.80) per share, with a total value of £497,112.65 ($642,513.44). 2.41% of the stock is owned by company insiders.

About abrdn

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.