Berenberg Bank Raises Standard Life Aberdeen PLC (SL) Price Target to GBX 440
Standard Life Aberdeen PLC (LON:SL) had its target price upped by investment analysts at Berenberg Bank from GBX 400 ($5.31) to GBX 440 ($5.85) in a research note issued on Thursday. The brokerage currently has a “hold” rating on the stock. Berenberg Bank’s target price would indicate a potential upside of 7.11% from the stock’s current price.
Several other equities analysts have also recently weighed in on SL. Deutsche Bank AG lifted their price objective on Standard Life Aberdeen PLC from GBX 400 ($5.31) to GBX 420 ($5.58) and gave the company a “hold” rating in a report on Tuesday, June 27th. Barclays PLC reissued an “underweight” rating and issued a GBX 344 ($4.57) target price on shares of Standard Life Aberdeen PLC in a research report on Wednesday, June 28th. Jefferies Group LLC lifted their target price on Standard Life Aberdeen PLC from GBX 398 ($5.29) to GBX 411 ($5.46) and gave the company a “hold” rating in a research report on Tuesday, July 11th. HSBC Holdings plc raised Standard Life Aberdeen PLC to a “buy” rating and lifted their target price for the company from GBX 400 ($5.31) to GBX 460 ($6.11) in a research report on Friday, July 14th. Finally, Numis Securities Ltd reissued an “add” rating and issued a GBX 465 ($6.18) target price on shares of Standard Life Aberdeen PLC in a research report on Monday, July 17th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 450.35 ($5.98).
Shares of Standard Life Aberdeen PLC (SL) traded down 3.75% during trading on Thursday, hitting GBX 410.80. The stock had a trading volume of 32,124,771 shares. Standard Life Aberdeen PLC has a 1-year low of GBX 322.76 and a 1-year high of GBX 447.60. The firm has a 50 day moving average of GBX 422.60 and a 200 day moving average of GBX 385.80.
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About Standard Life Aberdeen PLC
Standard Life Aberdeen plc, formerly Standard Life plc, is a United Kingdom-based global investment company. The Company operates through four segments, which include Aberdeen Standard Investments, Pensions and Savings, India and China, and Other. The Aberdeen Standard Investments segment provides a range of investment products for individuals and institutional customers through various investment vehicles.
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