Standard Life Aberdeen (LON:SLA) Earns “Buy” Rating from UBS Group

UBS Group reissued their buy rating on shares of Standard Life Aberdeen (LON:SLA) in a research report report published on Tuesday, ThisIsMoney.Co.Uk reports. The brokerage currently has a GBX 330 ($4.31) price objective on the stock, down from their prior price objective of GBX 355 ($4.64).

A number of other analysts have also recently commented on SLA. Barclays upped their target price on shares of Standard Life Aberdeen from GBX 295 ($3.85) to GBX 300 ($3.92) and gave the company an equal weight rating in a report on Monday, July 8th. JPMorgan Chase & Co. upped their target price on shares of 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. Berenberg Bank upped their price target on shares of Standard Life Aberdeen from GBX 290 ($3.79) to GBX 326 ($4.26) and gave the stock a hold rating in a research report on Friday, July 5th. Royal Bank of Canada reiterated an underperform rating and issued a GBX 215 ($2.81) price target on shares of Standard Life Aberdeen in a research report on Wednesday, June 26th. Finally, Deutsche Bank dropped their price target on shares of Standard Life Aberdeen from GBX 310 ($4.05) to GBX 265 ($3.46) and set a hold rating for the company in a research report on Tuesday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. Standard Life Aberdeen currently has a consensus rating of Hold and an average target price of GBX 307.90 ($4.02).

Shares of SLA stock opened at GBX 240.10 ($3.14) on Tuesday. Standard Life Aberdeen has a 12 month low of GBX 219.10 ($2.86) and a 12 month high of GBX 385.60 ($5.04). The stock has a market cap of $5.74 billion and a P/E ratio of 8.25. 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 has a 50 day simple moving average of GBX 291.12 and a two-hundred day simple moving average of GBX 270.98.

The company also recently declared a dividend, which will be paid on Tuesday, September 24th. Shareholders of record on Thursday, August 15th will be given a GBX 7.30 ($0.10) dividend. 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 related news, insider Keith Skeoch sold 44,225 shares of the company’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of GBX 264 ($3.45), for a total transaction of £116,754 ($152,559.78). Also, insider Douglas J. Flint bought 7,600 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The shares were bought at an average price of GBX 260 ($3.40) per share, with a total value of £19,760 ($25,819.94). Over the last quarter, insiders acquired 7,692 shares of company stock valued at $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.

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Analyst Recommendations for Standard Life Aberdeen (LON:SLA)

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