Standard Life Aberdeen’s (LON:SLA) “Buy” Rating Reiterated at Goldman Sachs Group

Standard Life Aberdeen (LON:SLA)‘s stock had its “buy” rating restated by stock analysts at Goldman Sachs Group in a research report issued to clients and investors on Monday, April 1st, ThisIsMoney.Co.Uk reports. They currently have a GBX 315 ($4.12) price objective on the stock, up from their previous price objective of GBX 310 ($4.05). Goldman Sachs Group’s price objective points to a potential upside of 12.46% from the stock’s current price.

A number of other analysts also recently weighed in on the stock. Jefferies Financial Group reissued a “buy” rating and issued a GBX 410 ($5.36) price target on shares of Standard Life Aberdeen in a report on Monday, March 25th. JPMorgan Chase & Co. cut their price target on shares of Standard Life Aberdeen from GBX 365 ($4.77) to GBX 350 ($4.57) and set an “overweight” rating for the company in a report on Wednesday, March 20th. UBS Group reissued a “buy” rating on shares of Standard Life Aberdeen in a report on Thursday, March 14th. Numis Securities reissued a “buy” rating and set a GBX 361 ($4.72) price target on shares of Standard Life Aberdeen in a report on Wednesday, March 13th. Finally, Citigroup reissued a “buy” rating on shares of Standard Life Aberdeen in a report on Tuesday, March 12th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of GBX 331.83 ($4.34).

LON:SLA traded up GBX 1.40 ($0.02) during midday trading on Monday, reaching GBX 280.10 ($3.66). The stock had a trading volume of 5,258,648 shares, compared to its average volume of 9,330,000. The company has a current ratio of 1.58, a quick ratio of 1.01 and a debt-to-equity ratio of 17.20. Standard Life Aberdeen has a 1-year low of GBX 219.10 ($2.86) and a 1-year high of GBX 377 ($4.93). The firm has a market capitalization of $6.74 billion and a PE ratio of 9.63.

In other news, insider Cathleen Raffaeli acquired 9,315 shares of Standard Life Aberdeen stock in a transaction that occurred on Friday, March 15th. The shares were acquired at an average price of GBX 260 ($3.40) per share, with a total value of £24,219 ($31,646.41). Also, insider Douglas J. Flint acquired 7,750 shares of Standard Life Aberdeen stock in a transaction that occurred on Monday, March 25th. The shares were purchased at an average cost of GBX 258 ($3.37) per share, for a total transaction of £19,995 ($26,127.01). In the last quarter, insiders have bought 24,879 shares of company stock valued at $6,474,818.

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.

Recommended Story: How Does the Quiet Period Work?

Analyst Recommendations for Standard Life Aberdeen (LON:SLA)

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.