Goldman Sachs Group Reaffirms Buy Rating for Standard Life Aberdeen (SLA)

Goldman Sachs Group reiterated their buy rating on shares of Standard Life Aberdeen (LON:SLA) in a research note published on Wednesday morning.

Several other equities research analysts have also commented on the stock. Royal Bank of Canada lowered shares of Standard Life Aberdeen to a sector performer rating and reduced their price target for the company from GBX 350 ($4.57) to GBX 260 ($3.40) in a report on Tuesday, December 11th. Barclays lowered their price objective on shares of Standard Life Aberdeen from GBX 417 ($5.45) to GBX 338 ($4.42) and set an overweight rating on the stock in a research report on Monday, January 14th. Morgan Stanley downgraded shares of Standard Life Aberdeen to an equal weight rating and dropped their price objective for the company from GBX 330 ($4.31) to GBX 255 ($3.33) in a research note on Thursday, January 31st. JPMorgan Chase & Co. dropped their price target on Standard Life Aberdeen from GBX 380 ($4.97) to GBX 365 ($4.77) and set an overweight rating on the stock in a research report on Monday, January 21st. Finally, Deutsche Bank lowered Standard Life Aberdeen to a hold rating and decreased their price target for the company from GBX 405 ($5.29) to GBX 295 ($3.85) in a research report on Monday, January 7th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Standard Life Aberdeen currently has an average rating of Buy and a consensus target price of GBX 345.42 ($4.51).

Shares of SLA stock opened at GBX 248.55 ($3.25) on Wednesday. Standard Life Aberdeen has a 1 year low of GBX 339.67 ($4.44) and a 1 year high of GBX 448.60 ($5.86).

In other news, insider Martin J. Gilbert purchased 50,000 shares of Standard Life Aberdeen stock in a transaction dated Thursday, December 13th. The stock was purchased at an average cost of GBX 238 ($3.11) per share, for a total transaction of £119,000 ($155,494.58). Also, insider Douglas J. Flint acquired 40,000 shares of the stock in a transaction dated Tuesday, December 11th. The shares were purchased at an average cost of GBX 221 ($2.89) per share, with a total value of £88,400 ($115,510.26). Insiders have bought 140,112 shares of company stock valued at $32,867,840 over the last ninety days.

Standard Life Aberdeen Company Profile

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.

Featured Article: How does the Federal Reserve determine interest rates?

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.