Standard Life Aberdeen (LON:SLA) had its target price lowered by Berenberg Bank from GBX 312 ($4.08) to GBX 290 ($3.79) in a report released on Friday morning. Berenberg Bank currently has a hold rating on the stock.
Several other research firms have also issued reports on SLA. Deutsche Bank lowered Standard Life Aberdeen to a hold rating and reduced their target price for the stock from GBX 405 ($5.29) to GBX 295 ($3.85) in a report on Monday, January 7th. Morgan Stanley lowered Standard Life Aberdeen to an equal weight rating and reduced their target price for the stock from GBX 330 ($4.31) to GBX 255 ($3.33) in a report on Thursday, January 31st. Royal Bank of Canada reduced their target price 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. Numis Securities reissued a buy rating and set a GBX 365 ($4.77) target price on shares of Standard Life Aberdeen in a report on Friday, November 9th. Finally, Barclays reduced their target price on Standard Life Aberdeen from GBX 417 ($5.45) to GBX 338 ($4.42) and set an overweight rating on the stock in a report on Monday, January 14th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of Buy and an average price target of GBX 345.42 ($4.51).
SLA opened at GBX 244.40 ($3.19) on Friday. Standard Life Aberdeen has a 52-week low of GBX 339.67 ($4.44) and a 52-week high of GBX 448.60 ($5.86).
In other Standard Life Aberdeen news, insider Martin J. Gilbert acquired 50,000 shares of Standard Life Aberdeen stock in a transaction that occurred on Thursday, December 13th. The shares were acquired at an average cost of GBX 238 ($3.11) per share, with a total value of £119,000 ($155,494.58). Also, insider Douglas J. Flint acquired 40,000 shares of Standard Life Aberdeen stock in a transaction that occurred on Tuesday, December 11th. The stock was acquired at an average cost of GBX 221 ($2.89) per share, for a total transaction of £88,400 ($115,510.26). Insiders purchased 140,048 shares of company stock worth $32,852,672 over the last ninety days.
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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