Standard Life Aberdeen (LON:SLA) Earns Buy Rating from Jefferies Financial Group

Jefferies Financial Group reissued their buy rating on shares of Standard Life Aberdeen (LON:SLA) in a research report released on Monday morning, ThisIsMoney.Co.Uk reports.

Other research analysts have also recently issued research reports about the stock. 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. Royal Bank of Canada lowered their target price on shares of Standard Life Aberdeen from GBX 210 ($2.74) to GBX 205 ($2.68) and set an underperform rating for the company in a report on Monday, August 19th. Morgan Stanley lowered their target price on shares of Standard Life Aberdeen from GBX 342 ($4.47) to GBX 288 ($3.76) and set an equal weight rating for the company in a report on Wednesday, August 14th. 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. Finally, Deutsche Bank restated a hold rating on shares of Standard Life Aberdeen in a report on Tuesday, September 3rd. One analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of GBX 306.90 ($4.01).

Shares of LON:SLA opened at GBX 269.30 ($3.52) on Monday. Standard Life Aberdeen has a 52 week low of GBX 219.10 ($2.86) and a 52 week high of GBX 374.63 ($4.90). The company’s 50 day moving average is GBX 258.51 and its two-hundred day moving average is GBX 271.80. The company has a current ratio of 3.75, a quick ratio of 2.53 and a debt-to-equity ratio of 12.26. The company has a market cap of $6.47 billion and a PE ratio of 5.80.

The business also recently announced a dividend, which will be paid on Tuesday, September 24th. Stockholders of record on Thursday, August 15th will be issued a GBX 7.30 ($0.10) dividend. This represents a dividend yield of 2.75%. The ex-dividend date is Thursday, August 15th. Standard Life Aberdeen’s payout ratio is 0.47%.

In related news, insider Douglas J. Flint bought 7,600 shares of the stock in a transaction dated Wednesday, August 7th. The stock was acquired at an average price of GBX 260 ($3.40) per share, for a total transaction of £19,760 ($25,819.94). In the last 90 days, insiders bought 7,744 shares of company stock valued at $2,015,896.

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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