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

Numis Securities reiterated their buy rating on shares of Standard Life Aberdeen (LON:SLA) in a research report sent to investors on Tuesday morning, ThisIsMoney.Co.Uk reports.

A number of other research firms have also recently commented on SLA. Jefferies Financial Group cut their target price on Standard Life Aberdeen from GBX 488 ($6.38) to GBX 361 ($4.72) and set a buy rating on the stock in a research note on Tuesday, April 9th. JPMorgan Chase & Co. cut their target price on Standard Life Aberdeen from GBX 365 ($4.77) to GBX 350 ($4.57) and set an overweight rating on the stock in a research note on Wednesday, March 20th. Goldman Sachs Group reaffirmed a buy rating and set a GBX 315 ($4.12) target price (up previously from GBX 310 ($4.05)) on shares of Standard Life Aberdeen in a research note on Monday, April 1st. Barclays cut Standard Life Aberdeen to an equal weight rating and cut their target price for the company from GBX 338 ($4.42) to GBX 295 ($3.85) in a research note on Friday, April 12th. Finally, Deutsche Bank reaffirmed a hold rating on shares of Standard Life Aberdeen in a research note on Monday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company. Standard Life Aberdeen presently has an average rating of Buy and a consensus target price of GBX 328.33 ($4.29).

SLA opened at GBX 261.20 ($3.41) on Tuesday. The company has a market cap of $6.29 billion and a PE ratio of 8.98. Standard Life Aberdeen has a one year low of GBX 219.10 ($2.86) and a one year high of GBX 427.89 ($5.59). The company has a current ratio of 1.58, a quick ratio of 1.01 and a debt-to-equity ratio of 17.20.

The company also recently disclosed a dividend, which will be paid on Tuesday, May 21st. Investors of record on Thursday, April 11th will be paid a GBX 14.30 ($0.19) dividend. The ex-dividend date is Thursday, April 11th. This represents a yield of 5.7%. This is a boost from Standard Life Aberdeen’s previous dividend of $7.30. Standard Life Aberdeen’s dividend payout ratio is 0.79%.

In other news, insider Douglas J. Flint acquired 7,750 shares of the company’s stock in a transaction that occurred on Monday, March 25th. The shares were bought at an average price of GBX 258 ($3.37) per share, with a total value of £19,995 ($26,127.01). Also, insider Cathleen Raffaeli acquired 9,315 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was purchased at an average cost of GBX 260 ($3.40) per share, for a total transaction of £24,219 ($31,646.41). In the last three months, insiders purchased 24,933 shares of company stock worth $6,489,776.

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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Analyst Recommendations for Standard Life Aberdeen (LON:SLA)

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