Macquarie Reiterated Aberdeen Asset Management PLC (LON:ADN) As Neutral; Has Target Price per Share Of GBX 271.00, Azure Power Global Limited (AZRE) Shorts Up By 9.92%

Azure Power Global Limited (NYSE:AZRE) had an increase of 9.92% in short interest. AZRE’s SI was 79,800 shares in May as released by FINRA. Its up 9.92% from 72,600 shares previously. With 21,900 avg volume, 4 days are for Azure Power Global Limited (NYSE:AZRE)’s short sellers to cover AZRE’s short positions. The SI to Azure Power Global Limited’s float is 1.02%. The stock decreased 2.75% or $0.47 on May 5, reaching $16.42. About shares traded. Azure Power Global Ltd (NYSE:AZRE) has risen 6.00% since April 8, 2017 and is uptrending. It has underperformed by 5.54% the S&P500.

London: In an analyst note revealed to clients and investors on 8 May, Macquarie kept their Neutral rating on shares of Aberdeen Asset Management PLC (LON:ADN). They currently have a GBX 271.00 TP on the company. Macquarie’s target would suggest a potential downside of -8.07% from the company’s last stock close price.

Aberdeen Asset Management PLC is a United Kingdom asset manager. The company has market cap of 3.88 billion GBP. The Firm operates through asset management for reporting and control purposes. It has a 22.11 P/E ratio. The Firm is managed as a single asset management business, with multiple investment strategies of equities, fixed income and property, complemented by a solutions business, which provides multi asset, alternatives and quantitative investment capabilities.

About 428,731 shares traded. Aberdeen Asset Management plc (LON:ADN) has declined 15.40% since October 5, 2016 and is downtrending. It has underperformed by 26.94% the S&P500.

Among 23 analysts covering Aberdeen Asset Management PLC (LON:ADN), 4 have Buy rating, 5 Sell and 14 Hold. Therefore 17% are positive. Aberdeen Asset Management PLC has GBX 520 highest and GBX 200 lowest target. GBX 287.55’s average target is -2.29% below currents GBX 294.3 stock price. Aberdeen Asset Management PLC had 178 analyst reports since July 23, 2015 according to SRatingsIntel. The stock of Aberdeen Asset Management plc (LON:ADN) earned “Neutral” rating by Macquarie Research on Monday, May 8. The stock of Aberdeen Asset Management plc (LON:ADN) has “Hold” rating given on Tuesday, August 4 by Numis Securities. The stock of Aberdeen Asset Management plc (LON:ADN) has “Hold” rating given on Monday, December 5 by Numis Securities. The stock of Aberdeen Asset Management plc (LON:ADN) earned “Hold” rating by Cantor Fitzgerald on Tuesday, May 3. Morgan Stanley maintained the stock with “Underweight” rating in Wednesday, November 25 report. The rating was maintained by Shore Capital on Tuesday, May 2 with “Sell”. The rating was maintained by Jefferies on Friday, July 24 with “Hold”. The firm earned “Hold” rating on Monday, November 30 by Societe Generale. Numis Securities maintained the shares of ADN in report on Monday, July 25 with “Hold” rating. The firm earned “Hold” rating on Tuesday, December 1 by Jefferies.

Azure Power Global Limited is an India power producer. The company has market cap of $413.18 million. The Firm sells solar power in India on long term fixed price contracts to its customers. It currently has negative earnings. The Firm is also developing micro-grid applications for the highly fragmented and underserved electricity market in India.