Standard Life Aberdeen share price jumps as group offloads insurance arm

Standard Life Aberdeen share price jumps as group offloads insurance arm

Troy Powers
February 24, 2018

We are delighted that Standard Life Aberdeen recognises the value that Phoenix's ownership of these businesses can deliver and has chosen to become our largest shareholder with a holding of 19.99%.

Several other equities analysts have also weighed in on the stock.

Following these changes, the board of Standard Life Aberdeen plc will comprise four executive directors, eight non-executive directors and the chairman. Finally, Berenberg Bank upped their price target on Standard Life Aberdeen from GBX 440 ($6.08) to GBX 460 ($6.36) and gave the stock a hold rating in a report on Friday, January 12th.

In addition, Standard Life Aberdeen has sold its insurance business Phoenix Group for £3.2bn, while it will also "significantly enhance and expand the existing long-term strategic partnership" meaning Standard Life Aberdeen would continue as Phoenix Group's long-term asset management partner for the acquired business.

Team USA Gets Bronze In Ice Dancing - All Thanks To Shibutani Siblings
Papadakis and Cizeron were the new rivals on the scene, bringing a fresh, contemporary style that had won the judges over. The third American team, Madison Chock and Evan Bates, also was within sight of the podium after the short dance.

The acquisition encompasses all of Standard Life Aberdeen's United Kingdom and European life insurance business, with the firm retaining its United Kingdom retail platforms and advice business. Taking the leap could ultimately boost Standard Life Aberdeen's share valuation, as asset managers tend to trade for a higher. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Sanford C. Bernstein lowered shares of Standard Life Aberdeen to a "market perform" rating and set a GBX 430 ($5.94) price objective on the a report on Tuesday, October 17th. reiterated a "buy" rating on shares of Standard Life Aberdeen in a report on Thursday, November 9th.

Standard Life Aberdeen (LON SLA) opened at GBX 385.70 ($5.33) on Friday. The firm has a market cap of $11,620.00 and a PE ratio of 1,794.09.

COPYRIGHT VIOLATION NOTICE: "Standard Life Aberdeen (SLA) Earns Outperform Rating from Royal Bank of Canada" was first reported by The Lincolnian Online and is the sole property of of The Lincolnian Online. The Aberdeen Standard Investments segment provides a range of investment products for individuals and institutional customers through various investment vehicles.