Standard Life Aberdeen (SLA) Stock Rating Reaffirmed by Numis Securities

Numis Securities reiterated their top pick rating on shares of Standard Life Aberdeen (LON:SLA) in a report published on Thursday morning.

A number of other equities analysts also recently weighed in on the stock. Deutsche Bank reaffirmed a buy rating on shares of Standard Life Aberdeen in a research note on Friday, March 23rd. Jefferies Group dropped their target price on shares of Standard Life Aberdeen from GBX 503 ($7.06) to GBX 469 ($6.58) and set a buy rating for the company in a research note on Thursday, March 15th. Morgan Stanley reaffirmed an overweight rating and issued a GBX 479 ($6.72) target price on shares of Standard Life Aberdeen in a research note on Tuesday, February 27th. Barclays reaffirmed an overweight rating and issued a GBX 460 ($6.46) target price on shares of Standard Life Aberdeen in a research note on Monday, February 26th. Finally, Royal Bank of Canada reaffirmed an outperform rating and issued a GBX 520 ($7.30) target price on shares of Standard Life Aberdeen in a research note on Friday, February 23rd. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of GBX 469.83 ($6.60).

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Shares of LON SLA opened at GBX 367.41 ($5.16) on Thursday. Standard Life Aberdeen has a 1-year low of GBX 339.67 ($4.77) and a 1-year high of GBX 448.60 ($6.30).

The firm also recently declared a dividend, which will be paid on Wednesday, May 30th. Investors of record on Thursday, April 19th will be paid a dividend of GBX 14.30 ($0.20) per share. This represents a dividend yield of 3.8%. This is an increase from Standard Life Aberdeen’s previous dividend of $7.00. The ex-dividend date is Thursday, April 19th.

In other Standard Life Aberdeen news, insider Richard Stephen Mully purchased 20,000 shares of the company’s stock in a transaction that occurred on Monday, March 5th. The stock was acquired at an average cost of GBX 364 ($5.11) per share, with a total value of £72,800 ($102,189.78). Also, insider Martin J. Gilbert purchased 50,000 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were acquired at an average cost of GBX 372 ($5.22) per share, with a total value of £186,000 ($261,089.28). Over the last three months, insiders have purchased 84,322 shares of company stock valued at $30,996,170.

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About Standard Life Aberdeen

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.

Analyst Recommendations for Standard Life Aberdeen (LON:SLA)

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