Time to Buy Aberdeen Asset Management plc After Today’s Huge Decline?

 Time to Buy Aberdeen Asset Management plc After Today's Huge Decline?

The stock of Aberdeen Asset Management plc (LON:ADN) is a huge mover today! The stock decreased 2.55% or GBX 7.02 on November 29, hitting GBX 267.78. About 8.97M shares traded hands or 107.16% up from the average. Aberdeen Asset Management plc (LON:ADN) has declined 8.00% since May 2, 2016 and is downtrending. It has underperformed by 13.26% the S&P500.
The move comes after 9 months negative chart setup for the GBX 3.53 billion company. It was reported on Nov, 29 by Barchart.com. We have GBX 243.68 PT which if reached, will make LON:ADN worth GBX 317.70 million less.

Aberdeen Asset Management plc (LON:ADN) Ratings Coverage

Out of 21 analysts covering Aberdeen Asset Management PLC (LON:ADN), 2 rate it a “Buy”, 9 “Sell”, while 10 “Hold”. This means 10% are positive. Aberdeen Asset Management PLC has been the topic of 132 analyst reports since July 23, 2015 according to StockzIntelligence Inc. Cantor Fitzgerald maintained the stock with “Buy” rating in Thursday, July 23 report. The rating was downgraded by RBC Capital Markets to “Underperform” on Thursday, October 6. Numis Securities maintained Aberdeen Asset Management plc (LON:ADN) rating on Friday, November 27. Numis Securities has “Hold” rating and GBX 320 price target. Citigroup downgraded it to “Sell” rating and GBX 265 target price in Tuesday, April 26 report. The stock has “Equal Weight” rating given by Barclays Capital on Friday, July 24. The stock of Aberdeen Asset Management plc (LON:ADN) earned “Sell” rating by UBS on Tuesday, August 30. On Wednesday, May 4 the stock rating was maintained by Jefferies with “Hold”. BNP Paribas maintained the stock with “Underperform” rating in Friday, April 8 report. The stock of Aberdeen Asset Management plc (LON:ADN) earned “Underweight” rating by Barclays Capital on Thursday, September 15. The stock of Aberdeen Asset Management plc (LON:ADN) has “Neutral” rating given on Wednesday, January 27 by Credit Suisse.

Aberdeen Asset Management PLC is a United Kingdom global asset management firm engaged in the active management of financial assets. The company has a market cap of 3.53 billion GBP. It manages assets for both institutional and retail clients. It has a 16.25 P/E ratio. The Company’s institutional clients include pension funds, corporates, sovereign wealth funds, government agencies and insurance companies.

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