Standard Life Aberdeen (SLA) PT Lowered to GBX 312 at Berenberg Bank
Standard Life Aberdeen (LON:SLA) had its target price cut by stock analysts at Berenberg Bank from GBX 340 ($4.44) to GBX 312 ($4.08) in a research report issued on Tuesday. The firm presently has a “hold” rating on the stock. Berenberg Bank’s price target would indicate a potential upside of 27.40% from the stock’s previous close.
Several other analysts have also weighed in on SLA. Numis Securities restated a “buy” rating and set a GBX 430 ($5.62) price target on shares of Standard Life Aberdeen in a report on Thursday, September 6th. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 380 ($4.97) price target on shares of Standard Life Aberdeen in a report on Monday, November 5th. Barclays restated an “overweight” rating and set a GBX 417 ($5.45) price target on shares of Standard Life Aberdeen in a report on Monday, November 19th. Citigroup restated a “buy” rating on shares of Standard Life Aberdeen in a report on Wednesday, September 5th. Finally, Royal Bank of Canada decreased their price target on Standard Life Aberdeen from GBX 380 ($4.97) to GBX 350 ($4.57) and set an “outperform” rating on the stock in a report on Friday, October 12th. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Standard Life Aberdeen presently has an average rating of “Buy” and a consensus price target of GBX 411.58 ($5.38).
LON:SLA opened at GBX 244.90 ($3.20) on Tuesday. Standard Life Aberdeen has a fifty-two week low of GBX 339.67 ($4.44) and a fifty-two week 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.
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