Standard Life Aberdeen (LON:SLA) Price Target Cut to GBX 469

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).

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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.

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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.

Analyst Recommendations for Standard Life Aberdeen (LON:SLA)

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