Standard Life Aberdeen (SLA) Price Target Cut to GBX 312
Standard Life Aberdeen (LON:SLA) had its price target lowered by Berenberg Bank from GBX 340 ($4.44) to GBX 312 ($4.08) in a report issued on Tuesday. The brokerage currently has a hold rating on the stock.
Other equities research analysts have also issued reports about the company. UBS Group reaffirmed a buy rating and issued a GBX 405 ($5.29) price objective on shares of Standard Life Aberdeen in a research note on Thursday, August 9th. Deutsche Bank lowered their price objective on Standard Life Aberdeen from GBX 415 ($5.42) to GBX 405 ($5.29) and set a buy rating for the company in a research note on Monday, August 13th. Numis Securities reaffirmed a buy rating and issued a GBX 430 ($5.62) price objective on shares of Standard Life Aberdeen in a research note on Thursday, September 6th. Citigroup reaffirmed a buy rating on shares of Standard Life Aberdeen in a research note on Wednesday, September 5th. Finally, Barclays lowered their price objective on Standard Life Aberdeen from GBX 440 ($5.75) to GBX 417 ($5.45) and set an overweight rating for the company in a research note on Friday, September 28th. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of GBX 411.58 ($5.38).
Shares of Standard Life Aberdeen stock opened at GBX 236.05 ($3.08) on Tuesday. 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).
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.
Further Reading: Balance Sheet
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