Standard Life Aberdeen share price: Investors eye results

on Aug 2, 2019
Updated: Mar 11, 2020

Standard Life Aberdeen (LON:SLA) is set to post its interims next week, about two years following the merger between Standard Life and Aberdeen Asset Management. The update will come after the company recently reached a settlement with Lloyds Banking Group (LON:LLOY) which will see the bailed-out lender pay the company £140 million over its move to terminate a £100-billion asset management contract early.Standard Life Aberdeen’s share price has fallen into the red in London this Friday, having given up 1.97 percent to 293.80p, marginally underperforming the broader market selloff which has seen the benchmark FTSE 100 index give up 1.57 percent to 7,465.50 points so far today. The asset manager’s shares have lost more than 15 percent of their value over the past year, as compared with about a 1.5-percent fall in the Footsie.SLA to post results next weekStandard Life Aberdeen is scheduled to update investors on its half-year performance on August 7 and IG reports that its bosses are under increased pressure to convey how the company plans to generate value for shareholders who have grown impatient.“Two years after Standard Life Investments and Aberdeen Asset Management merged to create the UK’s largest asset manager and investors are still waiting to see the deal bear fruit,” IG’s Aaran Fronda commented in a note, adding that Standard Life Aberdeen’s share price has dropped more than 30 percent since the merger.Proactive Investors meanwhile quoted Hargreaves Lansdown’s equity analyst Nicholas Hyett as commenting that Lloyds was not the only “investor that’s been looking to pull assets from SLA funds in recent years”.“While strong market performances have kept total assets under management growing, it’s crucial the company stops the rot. Markets don’t rise forever,” the analyst pointed out.Analyst ratings updateThe 14 analysts offering 12-month targets for the Standard Life Aberdeen share price for the Financial Times have a median target of 331.29p, with a high estimate of 390.00p and a low estimate of 210.00p. As of July 26, the consensus forecast amongst 17 polled investment analysts covering the blue-chip group has it that the company will outperform the market.

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