Standard Life Aberdeen (SLA) Price Target Lowered to GBX 350 at Royal Bank of Canada

Standard Life Aberdeen (LON:SLA) had its price target decreased by Royal Bank of Canada from GBX 380 ($4.97) to GBX 350 ($4.57) in a research report report published on Friday. Royal Bank of Canada currently has an outperform rating on the stock.

A number of other research firms have also recently commented on SLA. Citigroup restated a buy rating and set a GBX 400 ($5.23) target price on shares of Standard Life Aberdeen in a research note on Friday, June 15th. Barclays decreased their target price on shares of Standard Life Aberdeen from GBX 460 ($6.01) to GBX 440 ($5.75) and set an overweight rating on the stock in a research note on Thursday, June 14th. UBS Group restated a buy rating and set a GBX 405 ($5.29) target price on shares of Standard Life Aberdeen in a research note on Thursday, August 9th. JPMorgan Chase & Co. decreased their target price on shares of Standard Life Aberdeen from GBX 500 ($6.53) to GBX 425 ($5.55) and set an overweight rating on the stock in a research note on Wednesday, August 29th. Finally, Deutsche Bank decreased their target price on shares of Standard Life Aberdeen from GBX 415 ($5.42) to GBX 405 ($5.29) and set a buy rating on the stock in a research note on Monday, August 13th. One investment analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average target price of GBX 428 ($5.59).

LON SLA traded down GBX 4.20 ($0.05) on Friday, reaching 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 one year low of GBX 339.67 ($4.44) and a one year high of GBX 448.60 ($5.86).

The business also recently disclosed a dividend, which was paid on Tuesday, September 25th. Shareholders of record on Thursday, August 16th were issued a dividend of GBX 7.30 ($0.10) per share. This represents a yield of 2.3%. The ex-dividend date was Thursday, August 16th.

In related news, insider John Devine acquired 15,422 shares of the business’s stock in a transaction on Wednesday, August 8th. The stock was acquired at an average cost of GBX 324 ($4.23) per share, with a total value of £49,967.28 ($65,291.10). Over the last ninety days, insiders have acquired 31,181 shares of company stock valued at $10,008,596.

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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Analyst Recommendations for Standard Life Aberdeen (LON:SLA)

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