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On Monday, Goldman Sachs analysts upgraded Aberdeen Group (LSE:ABDN) (OTC:SLFPY) stock to Buy from Neutral, setting a new price target of £2.05. The analysts highlighted the accelerated growth in the company’s ii business, which now accounts for nearly half of the group’s operating profit.
The analysts noted that the ii segment is experiencing increased trading activity and revenue per trade in 2025. This growth is supported by strong customer growth, with record net additions in the first quarter of 2025, and a heightened focus on profitability concerning cost and assets under administration.
Aberdeen Group’s current valuation, at 8.7 times the next twelve months’ price-to-earnings ratio, is seen as an appealing entry point. The analysts believe that the combination of these positive trends and relatively modest consensus estimates, along with an upcoming ii-focused Capital Markets Day, provides a favorable catalyst for the stock.
The 12-month price target of £2.05 is based on a sum-of-the-parts valuation, with the ii business being the largest contributor. The analysts expressed optimism about the company’s future performance, driven by the outlined growth factors.
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