Standard Life Aberdeen (LON:SLA)‘s stock had its “overweight” rating reiterated by equities researchers at JPMorgan Chase & Co. in a research note issued to investors on Monday. They presently have a GBX 380 ($4.97) price target on the stock. JPMorgan Chase & Co.’s target price suggests a potential upside of 39.55% from the stock’s previous close.
A number of other equities research analysts have also recently weighed in on the stock. Barclays cut their price objective on shares of Standard Life Aberdeen from GBX 440 ($5.75) to GBX 417 ($5.45) and set an “overweight” rating on the stock in a research note on Friday, September 28th. Numis Securities cut their price objective on shares of Standard Life Aberdeen from GBX 452 ($5.91) to GBX 433 ($5.66) and set a “buy” rating on the stock in a research note on Monday, August 6th. Deutsche Bank cut their price objective 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. Royal Bank of Canada cut their price objective on shares of Standard Life Aberdeen from GBX 400 ($5.23) to GBX 380 ($4.97) and set an “outperform” rating on the stock in a research note on Wednesday, September 12th. Finally, UBS Group restated a “buy” rating and set a GBX 405 ($5.29) price objective on shares of Standard Life Aberdeen in a research note on Thursday, August 9th. Thirteen research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Standard Life Aberdeen presently has an average rating of “Buy” and a consensus target price of GBX 424.38 ($5.55).
Shares of LON SLA traded down GBX 4.05 ($0.05) during midday trading on Monday, reaching GBX 272.30 ($3.56). 3,830,291 shares of the company traded hands, 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 Standard Life Aberdeen news, insider John Devine purchased 15,713 shares of the company’s stock in a transaction on Monday, September 24th. The shares were purchased at an average cost of GBX 318 ($4.16) per share, for a total transaction of £49,967.34 ($65,291.18). Over the last quarter, insiders acquired 31,240 shares of company stock worth $10,023,700.
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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