Standard Life Aberdeen (LON:SLA) PT Lowered to GBX 205

Standard Life Aberdeen (LON:SLA) had its price target lowered by Royal Bank of Canada from GBX 210 ($2.74) to GBX 205 ($2.68) in a note issued to investors on Monday, Digital Look reports. The brokerage currently has an “underperform” rating on the stock. Royal Bank of Canada’s price target indicates a potential downside of 14.33% from the stock’s previous close.

SLA has been the subject of a number of other reports. JPMorgan Chase & Co. boosted their price objective on shares of Standard Life Aberdeen from GBX 350 ($4.57) to GBX 360 ($4.70) and gave the stock an “overweight” rating in a research note on Monday, July 8th. UBS Group restated a “buy” rating and issued a GBX 330 ($4.31) price objective (down from GBX 355 ($4.64)) on shares of Standard Life Aberdeen in a research note on Tuesday, August 13th. Goldman Sachs Group restated a “buy” rating on shares of Standard Life Aberdeen in a research note on Tuesday, August 13th. Berenberg Bank boosted their price objective on shares of Standard Life Aberdeen from GBX 290 ($3.79) to GBX 326 ($4.26) and gave the stock a “hold” rating in a research note on Friday, July 5th. Finally, Deutsche Bank reduced their price objective on shares of Standard Life Aberdeen from GBX 310 ($4.05) to GBX 265 ($3.46) and set a “hold” rating for the company in a research note on Tuesday, August 13th. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of GBX 306.90 ($4.01).

Shares of Standard Life Aberdeen stock opened at GBX 239.30 ($3.13) on Monday. The firm has a fifty day simple moving average of GBX 285.87 and a 200-day simple moving average of GBX 270.34. The company has a current ratio of 1.58, a quick ratio of 1.01 and a debt-to-equity ratio of 17.20. Standard Life Aberdeen has a 1-year low of GBX 219.10 ($2.86) and a 1-year high of GBX 379.43 ($4.96). The stock has a market capitalization of $5.77 billion and a price-to-earnings ratio of 8.22.



In related news, insider Douglas J. Flint bought 7,600 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The shares were acquired at an average price of GBX 260 ($3.40) per share, with a total value of £19,760 ($25,819.94). Also, insider Keith Skeoch sold 44,225 shares of the business’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of GBX 264 ($3.45), for a total transaction of £116,754 ($152,559.78). Insiders have purchased 7,692 shares of company stock worth $2,003,364 in 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.

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Analyst Recommendations for Standard Life Aberdeen (LON:SLA)

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