Investors are always keen to know about different companies’ financial status and their stock market conditions. For investors in the USA and the UK, Aberdeen, now known as Abrdn, is one of the most lucrative companies in the stock market. We will tell you how much is aberdeen share price and whether you should buy or sell it.
Who is Abrdn (Aberdeen)?
Abrdn plc (Abrdn) is a global investment company that was previously known as Standard Life Aberdeen PLC. The company’s purpose is to offer different kinds of investment solutions to institutional, wholesale, and insurance clients. From active equity to fixed income, liquidity, multi-assets, private markets, real estate, and sustainable investing, Abrdrn has an extensive investment capability.
It serves as a financial adviser to wealth managers via the Wrap and Elevate platforms. Conversely, the company’s personal wealth business offers a great range of services to individuals in the UK to secure their financial future. The company is in charge of marketing and distribution of products through investment platform providers, financial institutions, and financial advisors. Besides Europe, Abrdn operates in the USA, Asia, Australia, and the Middle East. The company has its headquarters in Edinburgh, the UK.
Clients of Abrdn plc
- Pension funds
- Banks
- Governments
- Companies
- Insurers
- Charities
- IFAs/ DFMs
Abrdn Stock Market
The UK-based global asset manager roots back to the early 1800s. It existed under Aberdeen Asset Management on the London Stock Exchange for several decades. Then the merger of Standard Life with Asset Management happened in 2017. The new company, named Standard Life Aberdeen, had over 36.4 billion pounds under management within one year. The figures have only grown since then.
The new company was all set to sell the Standard Life segment to focus on asset management by 2018. It rebranded to Abrdn in 2021, a vowelless and stylized form of Aberdeen. The company will have over 500 billion pounds under control by 2022.
The self-directed brokerage platform of the establishment called Interactive Investor is well-known as the UK’s lowest-fee brokerage. The clients can open every type of account their jurisdictions allow, and investors can buy shares, bonds, mutual funds, and ETFs. As of 2022, the firm has 60,000 million pounds in deposits and over 400,000 active users.
aberdeen share price
So, how much is aberdeen share price at present? Abrdn’s (LON: ABDN) share price currently trades around 201.80. The 50-day range of ABDN shares is 198.80, and the 52-week range is 131.04. The shares of the company see a downward trend these days. Let’s have a glance at the company’s current financial conditions.
- Analyst rating- Reduce (Rating score 1.14)
The company’s average rating score, based on no buy ratings, 6 sell ratings, 1 hold rating, and no buy ratings, is 1.14. It has received a consensus Sell rating.
- Upside/Downside – 12.9% Downside
Regarding the price target, analysts’ consensus price target is GBX 175.71. Based on these figures, the forecast is downside 12.9% from 201.80, the current standard life aberdeen share price.
- Dividend strength – Weak
- Insider trading – Acquiring shares
Conclusion
The “sell” ratings for Abrdn stocks are higher now, as the research analysts think you should sell the shares. aberdeen share price forecast for the year ranges from GBX 150 to GBX 215. As for dividends, the company’s current dividend yield is 7.24%, 75% higher than all other dividend-paying stocks. Since the year’s start, the stocks have increased by 6.6%. Still, you should consider the downside trend of Abrdn before buying and holding it.
