Barclays Reaffirms “Overweight” Rating for Standard Life Aberdeen (SL)

Standard Life Aberdeen (LON:SL)‘s stock had its “overweight” rating reaffirmed by equities researchers at Barclays in a research note issued on Monday, December 18th, StockTargetPrices.com reports. They presently have a GBX 520 ($7.05) price objective on the stock. Barclays’ price objective would indicate a potential upside of 17.49% from the company’s previous close.

Other analysts also recently issued reports about the company. Goldman Sachs Group reaffirmed a “buy” rating and set a GBX 500 ($6.78) price target on shares of Standard Life Aberdeen in a research report on Tuesday, September 12th. Numis Securities reaffirmed an “add” rating and set a GBX 505 ($6.85) price target on shares of Standard Life Aberdeen in a research report on Friday, December 15th. Royal Bank of Canada reaffirmed an “outperform” rating and set a GBX 520 ($7.05) price target on shares of Standard Life Aberdeen in a research report on Thursday, October 12th. Citigroup raised Standard Life Aberdeen to a “buy” rating and set a GBX 490 ($6.64) price objective for the company in a report on Friday, August 25th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 540 ($7.32) price objective on shares of Standard Life Aberdeen in a report on Thursday, September 21st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of GBX 453 ($6.14).

Shares of Standard Life Aberdeen (LON:SL) traded up GBX 3.80 ($0.05) during trading on Monday, hitting GBX 442.60 ($6.00). The stock had a trading volume of 5,850,000 shares, compared to its average volume of 4,950,000. The stock has a market capitalization of $13,180.00 and a P/E ratio of 2,011.82. Standard Life Aberdeen has a 12-month low of GBX 336.50 ($4.56) and a 12-month high of GBX 448.60 ($6.08).

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About Standard Life Aberdeen

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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