Standard Life Aberdeen (LON:SLA) had its price target cut by Morgan Stanley from GBX 342 ($4.47) to GBX 288 ($3.76) in a research report report published on Wednesday, ThisIsMoney.Co.Uk reports. They currently have an equal weight rating on the stock.
A number of other analysts also recently commented on the company. JPMorgan Chase & Co. boosted their target price on Standard Life Aberdeen from GBX 350 ($4.57) to GBX 360 ($4.70) and gave the stock an overweight rating in a research report on Monday, July 8th. Barclays boosted their target price on Standard Life Aberdeen from GBX 295 ($3.85) to GBX 300 ($3.92) and gave the stock an equal weight rating in a research report on Monday, July 8th. UBS Group reiterated a buy rating and set a GBX 330 ($4.31) target price (down from GBX 355 ($4.64)) on shares of Standard Life Aberdeen in a research report on Tuesday, August 13th. Berenberg Bank upped their price objective on Standard Life Aberdeen from GBX 290 ($3.79) to GBX 326 ($4.26) and gave the company a hold rating in a research report on Friday, July 5th. Finally, Royal Bank of Canada restated an underperform rating and issued a GBX 215 ($2.81) price objective on shares of Standard Life Aberdeen in a research report on Wednesday, June 26th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of GBX 307.90 ($4.02).
SLA opened at GBX 241.80 ($3.16) on Wednesday. The business’s fifty day moving average is GBX 290.19 and its two-hundred day moving average is GBX 270.83. The company has a debt-to-equity ratio of 17.20, a quick ratio of 1.01 and a current ratio of 1.58. The company has a market cap of $5.83 billion and a price-to-earnings ratio of 8.31. Standard Life Aberdeen has a one year low of GBX 219.10 ($2.86) and a one year high of GBX 379.43 ($4.96).
The business also recently disclosed a dividend, which will be paid on Tuesday, September 24th. Stockholders 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 dividend payout ratio is currently 0.79%.
In other Standard Life Aberdeen news, insider Douglas J. Flint bought 7,600 shares of Standard Life Aberdeen stock in a transaction that occurred on Wednesday, August 7th. The shares were purchased at an average cost of GBX 260 ($3.40) per share, for a total transaction of £19,760 ($25,819.94). Also, insider Rod Paris sold 7,411 shares of the stock in a transaction dated Monday, May 20th. The stock was sold at an average price of GBX 259 ($3.38), for a total value of £19,194.49 ($25,081.00). Insiders bought 7,692 shares of company stock worth $2,003,364 over the last 90 days.
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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