Standard Life Aberdeen (LON:SLA) had its target price lowered by Jefferies Group from GBX 503 ($7.06) to GBX 469 ($6.58) in a research report issued to clients and investors on Thursday, March 15th. The firm presently has a “buy” rating on the stock. Jefferies Group’s price objective would suggest a potential upside of 28.35% from the company’s previous close.
Other equities analysts also recently issued reports about the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a GBX 520 ($7.30) target price on shares of Standard Life Aberdeen in a research note on Wednesday, January 17th. Numis Securities reissued an “add” rating and issued a GBX 505 ($7.09) price target on shares of Standard Life Aberdeen in a research note on Friday, December 1st. JPMorgan Chase reduced their price target on shares of Standard Life Aberdeen from GBX 540 ($7.58) to GBX 500 ($7.02) and set an “overweight” rating on the stock in a research note on Tuesday, February 20th. Berenberg Bank upped their target price on shares of Standard Life Aberdeen from GBX 440 ($6.18) to GBX 460 ($6.46) and gave the stock a “hold” rating in a research note on Friday, January 12th. Finally, Deutsche Bank reaffirmed a “hold” rating and set a GBX 410 ($5.76) target price (down from GBX 425 ($5.97)) on shares of Standard Life Aberdeen in a research note on Monday, February 26th. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Standard Life Aberdeen currently has a consensus rating of “Buy” and a consensus target price of GBX 469.83 ($6.60).
Shares of LON SLA traded up GBX 1.60 ($0.02) during trading on Thursday, hitting GBX 365.40 ($5.13). The company had a trading volume of 4,915,914 shares, compared to its average volume of 9,330,000. Standard Life Aberdeen has a fifty-two week low of GBX 339.67 ($4.77) and a fifty-two week high of GBX 448.60 ($6.30).
In other news, insider Richard Stephen Mully purchased 20,000 shares of the firm’s stock in a transaction on Monday, March 5th. The shares were bought at an average cost of GBX 364 ($5.11) per share, with a total value of £72,800 ($102,189.78). Also, insider Martin J. Gilbert purchased 50,000 shares of the firm’s stock in a transaction on Monday, February 26th. The shares were purchased at an average cost of GBX 372 ($5.22) per share, for a total transaction of £186,000 ($261,089.28). Insiders bought a total of 84,322 shares of company stock valued at $30,996,170 in the last quarter.
COPYRIGHT VIOLATION WARNING: “Standard Life Aberdeen (LON:SLA) Price Target Cut to GBX 469” was first published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this article on another publication, it was copied illegally and republished in violation of international trademark and copyright law. The original version of this article can be read at https://www.dispatchtribunal.com/2018/04/07/standard-life-aberdeen-sla-given-new-gbx-469-price-target-at-jefferies-group.html.
Standard Life Aberdeen Company Profile
Standard Life Aberdeen plc, formerly Standard Life plc, is a United Kingdom-based global investment company. The Company operates through four segments, which include Aberdeen Standard Investments, Pensions and Savings, India and China, and Other. The Aberdeen Standard Investments segment provides a range of investment products for individuals and institutional customers through various investment vehicles.
Receive News & Ratings for Standard Life Aberdeen Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Standard Life Aberdeen and related companies with MarketBeat.com's FREE daily email newsletter.