Goldman Sachs Group reiterated their buy rating on shares of Standard Life Aberdeen (LON:SLA) in a research note published on Tuesday morning, ThisIsMoney.Co.Uk reports.
Several other research firms have also weighed in on SLA. Berenberg Bank lifted their price objective on Standard Life Aberdeen from GBX 290 ($3.79) to GBX 326 ($4.26) and gave the company a hold rating in a research note on Friday, July 5th. Royal Bank of Canada reaffirmed an underperform rating and issued a GBX 215 ($2.81) price objective on shares of Standard Life Aberdeen in a research note on Wednesday, June 26th. UBS Group reiterated a buy rating and set a GBX 355 ($4.64) target price (up from GBX 350 ($4.57)) on shares of Standard Life Aberdeen in a report on Monday, August 5th. Numis Securities reiterated a buy rating on shares of Standard Life Aberdeen in a report on Tuesday, May 14th. Finally, JPMorgan Chase & Co. raised their target price on Standard Life Aberdeen from GBX 350 ($4.57) to GBX 360 ($4.70) and gave the company an overweight rating in a report on Monday, July 8th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of GBX 307.90 ($4.02).
LON SLA opened at GBX 240.10 ($3.14) on Tuesday. The firm has a market capitalization of $5.74 billion and a P/E ratio of 8.25. Standard Life Aberdeen has a 1-year low of GBX 219.10 ($2.86) and a 1-year high of GBX 385.60 ($5.04). The company has a debt-to-equity ratio of 17.20, a current ratio of 1.58 and a quick ratio of 1.01. The business’s 50-day simple moving average is GBX 291.12 and its 200-day simple moving average is GBX 270.98.
The business also recently announced a dividend, which will be paid on Tuesday, September 24th. Investors of record on Thursday, August 15th will be issued a dividend of GBX 7.30 ($0.10) per share. The ex-dividend date is Thursday, August 15th. This represents a dividend yield of 2.75%. Standard Life Aberdeen’s payout ratio is currently 0.79%.
In other Standard Life Aberdeen news, insider Keith Skeoch sold 44,225 shares of Standard Life Aberdeen stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of GBX 264 ($3.45), for a total transaction of £116,754 ($152,559.78). Also, insider Rod Paris sold 7,411 shares of Standard Life Aberdeen stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of GBX 259 ($3.38), for a total value of £19,194.49 ($25,081.00). Over the last quarter, insiders have purchased 7,692 shares of company stock worth $2,003,364.
Standard Life Aberdeen Company Profile
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.
Read More: Stop Order
Receive News & Ratings for Standard Life Aberdeen Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Standard Life Aberdeen and related companies with MarketBeat.com's FREE daily email newsletter.