Standard Life Aberdeen (SLA) Price Target Cut to GBX 350 by Analysts at Berenberg Bank

Standard Life Aberdeen (LON:SLA) had its target price cut by Berenberg Bank from GBX 380 ($4.97) to GBX 350 ($4.57) in a research note released on Friday. They currently have an outperform rating on the stock.

Several other brokerages have also recently commented on SLA. Citigroup reiterated a buy rating and issued a GBX 400 ($5.23) price target on shares of Standard Life Aberdeen in a research report on Friday, June 15th. Barclays dropped their price target 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 report on Thursday, June 14th. UBS Group reiterated a buy rating and issued a GBX 405 ($5.29) price target on shares of Standard Life Aberdeen in a research report on Thursday, August 9th. JPMorgan Chase & Co. dropped their price target 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 report on Wednesday, August 29th. Finally, Deutsche Bank dropped their price target 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 report on Monday, August 13th. One equities research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of Buy and an average price target of GBX 428 ($5.59).

Standard Life Aberdeen stock traded down GBX 4.20 ($0.05) during midday trading on Friday, hitting GBX 274.70 ($3.59). The company’s stock had a trading volume of 19,420,491 shares, compared to its average volume of 9,330,000. Standard Life Aberdeen has a 12 month low of GBX 339.67 ($4.44) and a 12 month high of GBX 448.60 ($5.86).

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

In related news, insider John Devine purchased 15,422 shares of the company’s stock in a transaction that occurred on Wednesday, August 8th. The shares were purchased at an average price of GBX 324 ($4.23) per share, with a total value of £49,967.28 ($65,291.10). Insiders purchased a total of 31,181 shares of company stock worth $10,008,596 in the last three months.

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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