abrdn (LON:ABDN) Share Price Crosses Below Two Hundred Day Moving Average – Here’s Why

abrdn plc (LON:ABDN)’s stock price passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of GBX 228.96 and traded as low as GBX 227.80. abrdn shares last traded at GBX 228.40, with a volume of 2,551,326 shares changing hands.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Deutsche Bank reiterated a “buy” rating and set a GBX 270 price target on shares of abrdn in a research report on Friday, July 31st. Jefferies Financial Group restated a “hold” rating and issued a GBX 210 price objective 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 given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of GBX 226.50.

abrdn Price Performance

The company has a current ratio of 327.40, a quick ratio of 24.97 and a debt-to-equity ratio of 10.77. The company has a market capitalization of £4.09 billion, a P/E ratio of 10.93, a P/E/G ratio of 12.70 and a beta of 1.40. The business’s fifty day moving average price is GBX 236.31 and its 200-day moving average price is GBX 228.96.

Insiders Place Their Bets

In other news, insider Torbjörn Magnusson purchased 90,190 shares of the company’s stock in a transaction on Friday, October 30th. The stock was purchased at an average price of GBX 222 per share, with a total value of £200,221.80. Also, insider Katie Bickerstaffe purchased 9,033 shares of the company’s stock in a transaction on Friday, October 23rd. The shares were purchased at an average cost of GBX 215 per share, with a total value of £19,420.95. In the last three months, insiders purchased 179,893 shares of company stock worth $41,728,425. 0.69% of the stock is owned by insiders.

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.