Standard Life Aberdeen (SLA) Price Target Cut to GBX 380

Standard Life Aberdeen (LON:SLA) had its price target trimmed by Royal Bank of Canada from GBX 400 ($5.21) to GBX 380 ($4.95) in a report released on Wednesday morning. The firm currently has an outperform rating on the stock.

A number of other research firms have also commented on SLA. UBS Group restated a buy rating and set a GBX 405 ($5.28) price target on shares of Standard Life Aberdeen in a research report on Thursday, August 9th. Morgan Stanley cut their price target on Standard Life Aberdeen from GBX 479 ($6.24) to GBX 477 ($6.21) and set an overweight rating on the stock in a research note on Monday, July 9th. Citigroup reissued a buy rating on shares of Standard Life Aberdeen in a research note on Wednesday, September 5th. Numis Securities raised Standard Life Aberdeen to a buy rating and set a GBX 452 ($5.89) price target on the stock in a research note on Wednesday, June 13th. Finally, JPMorgan Chase & Co. cut their price target on Standard Life Aberdeen from GBX 500 ($6.51) to GBX 425 ($5.54) and set an overweight rating on the stock in a research note on Wednesday, August 29th. Two analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of Buy and an average target price of GBX 432.50 ($5.63).

SLA stock opened at GBX 318.40 ($4.15) on Wednesday. Standard Life Aberdeen has a 1-year low of GBX 339.67 ($4.42) and a 1-year high of GBX 448.60 ($5.84).

The firm also recently disclosed a dividend, which will be paid on Tuesday, September 25th. Investors of record on Thursday, August 16th will be paid a dividend of GBX 7.30 ($0.10) per share. This represents a yield of 2.3%. The ex-dividend date is Thursday, August 16th.

In other Standard Life Aberdeen news, insider John Devine acquired 15,422 shares of the company’s stock in a transaction that occurred on Wednesday, August 8th. The shares were acquired at an average price of GBX 324 ($4.22) per share, with a total value of £49,967.28 ($65,086.99). Insiders have purchased a total of 15,512 shares of company stock worth $5,026,954 in the last ninety 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.

See Also: Marijuana Stocks Investing Considerations

Analyst Recommendations for Standard Life Aberdeen (LON:SLA)

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.

Leave a Reply