Standard Life Aberdeen (LON:SLA) PT Raised to GBX 320 at Credit Suisse Group

Standard Life Aberdeen (LON:SLA) had its target price hoisted by equities researchers at Credit Suisse Group from GBX 270 ($3.55) to GBX 320 ($4.21) in a research report issued on Tuesday, ThisIsMoney.Co.Uk reports. The brokerage presently has a “neutral” rating on the stock. Credit Suisse Group’s target price suggests a potential upside of 4.30% from the company’s previous close.

Other analysts also recently issued reports about the stock. Royal Bank of Canada cut their target price on shares of Standard Life Aberdeen from GBX 210 ($2.76) to GBX 205 ($2.70) and set an “underperform” rating on the stock in a research note on Monday, August 19th. Jefferies Financial Group raised their target price on Standard Life Aberdeen from GBX 390 ($5.13) to GBX 400 ($5.26) and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Goldman Sachs Group reiterated a “buy” rating and set a GBX 340 ($4.47) price target (up previously from GBX 315 ($4.14)) on shares of Standard Life Aberdeen in a report on Wednesday, November 13th. Morgan Stanley dropped their price target on Standard Life Aberdeen from GBX 342 ($4.50) to GBX 288 ($3.79) and set an “equal weight” rating on the stock in a research report on Wednesday, August 14th. Finally, Berenberg Bank upped their price target on Standard Life Aberdeen from GBX 326 ($4.29) to GBX 343 ($4.51) and gave the company a “hold” rating in a research report on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of GBX 316.36 ($4.16).

Standard Life Aberdeen stock opened at GBX 306.80 ($4.04) on Tuesday. Standard Life Aberdeen has a 52 week low of GBX 219.10 ($2.88) and a 52 week high of GBX 325.80 ($4.29). The company has a debt-to-equity ratio of 12.26, a quick ratio of 2.53 and a current ratio of 3.75. The firm has a market capitalization of $7.27 billion and a price-to-earnings ratio of 6.61. The company has a 50 day moving average price of GBX 308.02 and a 200 day moving average price of GBX 283.94.

In other Standard Life Aberdeen news, insider Martin J. Gilbert sold 106,251 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of GBX 310 ($4.08), for a total value of £329,378.10 ($433,278.22).

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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