Shares of Standard Life Aberdeen (LON:SLA) have been assigned a consensus recommendation of “Buy” from the thirteen ratings firms that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is GBX 465.89 ($6.50).
A number of research firms have commented on SLA. Jefferies Group lowered their price target on Standard Life Aberdeen from GBX 503 ($7.02) to GBX 469 ($6.54) and set a “buy” rating for the company in a research report on Thursday, March 15th. Deutsche Bank reaffirmed a “hold” rating and set a GBX 470 ($6.56) price target on shares of Standard Life Aberdeen in a research report on Tuesday, February 6th. Numis Securities reaffirmed a “top pick” rating on shares of Standard Life Aberdeen in a research report on Thursday, April 5th. Citigroup reiterated a “buy” rating and set a GBX 400 ($5.58) target price on shares of Standard Life Aberdeen in a report on Friday, February 16th. Finally, Berenberg Bank upped their target price on Standard Life Aberdeen from GBX 440 ($6.14) to GBX 460 ($6.42) and gave the stock a “hold” rating in a report on Friday, January 12th.
In other Standard Life Aberdeen news, insider Rod Paris sold 57,948 shares of the stock in a transaction on Wednesday, April 11th. The stock was sold at an average price of GBX 367 ($5.12), for a total transaction of £212,669.16 ($296,609.71). Also, insider Kevin A. H. Parry bought 14,246 shares of the business’s stock in a transaction on Tuesday, April 3rd. The shares were acquired at an average price of GBX 357 ($4.98) per share, for a total transaction of £50,858.22 ($70,931.97). Insiders purchased a total of 84,321 shares of company stock worth $30,993,354 in the last 90 days.
Shares of LON SLA traded up GBX 0.50 ($0.01) during midday trading on Wednesday, reaching GBX 364.80 ($5.09). The company had a trading volume of 6,327,025 shares, compared to its average volume of 9,330,000. Standard Life Aberdeen has a one year low of GBX 339.67 ($4.74) and a one year high of GBX 448.60 ($6.26).
The business also recently declared a dividend, which will be paid on Wednesday, May 30th. Investors of record on Thursday, April 19th will be paid a GBX 14.30 ($0.20) dividend. The ex-dividend date is Thursday, April 19th. This represents a dividend yield of 3.8%. This is an increase from Standard Life Aberdeen’s previous dividend of $7.00.
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.
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