Standard Life Aberdeen (SLA) Earns “Buy” Rating from Numis Securities
Several other equities research analysts have also commented on the company. Morgan Stanley lowered Standard Life Aberdeen to an equal weight rating and dropped their price target for the stock from GBX 330 ($4.31) to GBX 255 ($3.33) in a research note on Thursday, January 31st. Goldman Sachs Group restated a buy rating and set a GBX 244 ($3.19) price target (down from GBX 345 ($4.51)) on shares of Standard Life Aberdeen in a research note on Friday, December 14th. Barclays restated an overweight rating and set a GBX 417 ($5.45) price target on shares of Standard Life Aberdeen in a research note on Monday, November 19th. JPMorgan Chase & Co. dropped their price target on Standard Life Aberdeen from GBX 380 ($4.97) to GBX 365 ($4.77) and set an overweight rating for the company in a research note on Monday, January 21st. Finally, Royal Bank of Canada lowered Standard Life Aberdeen to a sector performer rating and dropped their price target for the stock from GBX 350 ($4.57) to GBX 260 ($3.40) in a research note on Tuesday, December 11th. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company. Standard Life Aberdeen presently has a consensus rating of Buy and a consensus price target of GBX 341.33 ($4.46).
Shares of LON:SLA opened at GBX 264.65 ($3.46) on Wednesday. The stock has a market cap of $6.46 billion and a price-to-earnings ratio of 11.21. The company has a quick ratio of 0.01, a current ratio of 1.02 and a debt-to-equity ratio of 22.09. Standard Life Aberdeen has a 12 month low of GBX 219.10 ($2.86) and a 12 month high of GBX 382.70 ($5.00).
In related news, insider Melanie Gee bought 50,000 shares of the stock in a transaction dated Monday, December 17th. The stock was acquired at an average price of GBX 242 ($3.16) per share, for a total transaction of £121,000 ($158,107.93). In the last quarter, insiders bought 50,112 shares of company stock valued at $12,127,840.
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.
Further Reading: Return On Assets
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