Insider Buying: abrdn (LON:ABDN) Insider Buys 9,033 Shares of Company Stock

by · The Markets Daily

abrdn plc (LON:ABDN – Get Free Report) insider Katie Bickerstaffe bought 9,033 shares of the business’s stock in a transaction dated Friday, October 23rd. The shares were bought at an average cost of GBX 215 per share, for a total transaction of £19,420.95.

Katie Bickerstaffe also recently made the following trade(s):

  • On Thursday, July 30th, Katie Bickerstaffe purchased 8,313 shares of abrdn stock. The stock was bought at an average cost of GBX 240 per share, with a total value of £19,951.20.

abrdn Stock Up 1.7%

ABDN traded up GBX 3.60 on Monday, hitting GBX 219.20. The company had a trading volume of 372,816,500 shares, compared to its average volume of 23,246,707. The stock has a fifty day simple moving average of GBX 242.52 and a 200-day simple moving average of GBX 237.15. The company has a debt-to-equity ratio of 10.77, a current ratio of 327.40 and a quick ratio of 24.97. The firm has a market capitalization of £3.93 billion, a P/E ratio of 10.49, a P/E/G ratio of 12.70 and a beta of 1.40. abrdn plc has a 52-week low of GBX 179.60 and a 52-week high of GBX 265.

abrdn (LON:ABDN – Get Free Report) last announced its earnings results on Wednesday, July 29th. The company reported GBX 8.40 earnings per share (EPS) for the quarter. abrdn had a return on equity of 7.37% and a net margin of 28.07%. As a group, equities analysts expect that abrdn plc will post 15.23 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on ABDN shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 270 target price on shares of abrdn in a report on Friday, July 31st. Jefferies Financial Group reissued a “hold” rating and set a GBX 210 price target on shares of abrdn in a research report on Thursday, July 30th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of GBX 226.50.

Check Out Our Latest Report on ABDN

About abrdn

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