Torbjörn Magnusson Acquires 80,670 Shares of abrdn (LON:ABDN) Stock

abrdn plc (LON:ABDN) insider Torbjörn Magnusson purchased 80,670 shares of abrdn stock in a transaction that occurred on Monday, September 21st. The stock was acquired at an average price of GBX 245 per share, with a total value of £197,641.50.

abrdn Stock Performance

abrdn stock traded up GBX 5.19 during midday trading on Tuesday, hitting GBX 251.99. 9,577,509 shares of the company’s stock were exchanged, compared to its average volume of 22,370,334. abrdn plc has a 12-month low of GBX 179.60 and a 12-month high of GBX 265. The company has a debt-to-equity ratio of 10.77, a quick ratio of 24.97 and a current ratio of 327.40. The stock has a market cap of £4.51 billion, a price-to-earnings ratio of 12.06, a price-to-earnings-growth ratio of 12.70 and a beta of 1.40. The firm’s 50 day simple moving average is GBX 247.04 and its 200 day simple moving average is GBX 230.21.

abrdn (LON:ABDN) last announced its earnings results on Wednesday, July 29th. The company reported GBX 8.40 EPS for the quarter. abrdn had a net margin of 28.07% and a return on equity of 7.37%. Equities research analysts predict that abrdn plc will post 15.2266152 EPS for the current year.

Wall Street Analysts Forecast Growth

ABDN has been the subject of several analyst reports. Jefferies Financial Group restated a “hold” rating and set a GBX 210 price target on shares of abrdn in a research note on Thursday, July 30th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 270 target price on shares of abrdn in a research report on Friday, July 31st. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, abrdn currently has a consensus rating of “Hold” and a consensus target price of GBX 226.50.

abrdn Company Profile

At Aberdeen, we believe investing is about more than numbers — it’s about ambitions, dreams, and the confidence to shape your future. From novice to expert, individual to institution, every day we work to help millions of people turn their financial goals into reality.

Whether they’re starting out, planning for retirement, advising others, or managing large portfolios, we partner with our customers and clients to ensure they have the tools and insight they need to navigate an ever-changing world.