Standard Life Aberdeen (SLA) Price Target Cut to GBX 350
Standard Life Aberdeen (LON:SLA) had its price target reduced by Royal Bank of Canada from GBX 380 ($4.97) to GBX 350 ($4.57) in a research report released on Friday. They currently have an outperform rating on the stock.
Several other research firms have also commented on SLA. Citigroup reaffirmed a buy rating and set a GBX 400 ($5.23) price objective on shares of Standard Life Aberdeen in a research note on Friday, June 15th. Barclays decreased their target price on Standard Life Aberdeen from GBX 460 ($6.01) to GBX 440 ($5.75) and set an overweight rating for the company in a research report on Thursday, June 14th. UBS Group reiterated a buy rating and set a GBX 405 ($5.29) target price on shares of Standard Life Aberdeen in a research report on Thursday, August 9th. JPMorgan Chase & Co. decreased their target price on Standard Life Aberdeen from GBX 500 ($6.53) to GBX 425 ($5.55) and set an overweight rating for the company in a research report on Wednesday, August 29th. Finally, Deutsche Bank decreased their target price on Standard Life Aberdeen from GBX 415 ($5.42) to GBX 405 ($5.29) and set a buy rating for the company in a research report on Monday, August 13th. One equities research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. Standard Life Aberdeen has an average rating of Buy and an average price target of GBX 428 ($5.59).
LON SLA traded down GBX 4.20 ($0.05) on Friday, hitting GBX 274.70 ($3.59). 19,420,491 shares of the stock were exchanged, compared to its average volume of 9,330,000. Standard Life Aberdeen has a 52-week low of GBX 339.67 ($4.44) and a 52-week high of GBX 448.60 ($5.86).
In other news, insider John Devine acquired 15,713 shares of the firm’s stock in a transaction that occurred on Monday, September 24th. The stock was purchased at an average cost of GBX 318 ($4.16) per share, for a total transaction of £49,967.34 ($65,291.18). Insiders purchased 31,181 shares of company stock valued at $10,008,596 over the last 90 days.
About Standard Life Aberdeen
Standard Life Aberdeen plc provides asset management services in the United Kingdom, Europe, North America, and Asia. The company offers investment solutions and funds; long-term savings and investment products to individual and corporate customers; and life insurance and savings products. It provides its products through institutional, wholesale, and retail distribution channels.
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