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

Jefferies Financial Group reiterated their buy rating on shares of Standard Life Aberdeen (LON:SLA) in a research note issued to investors on Monday, ThisIsMoney.Co.Uk reports.

SLA has been the subject of several other reports. JPMorgan Chase & Co. raised 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. UBS Group restated 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 report on Tuesday, August 13th. Deutsche Bank restated a hold rating on shares of Standard Life Aberdeen in a report on Tuesday, September 3rd. Berenberg Bank raised their target price on shares of Standard Life Aberdeen from GBX 290 ($3.79) to GBX 326 ($4.26) and gave the company a hold rating in a report on Friday, July 5th. Finally, Morgan Stanley dropped 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. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the stock. Standard Life Aberdeen presently has an average rating of Hold and an average price target of GBX 306.90 ($4.01).

LON:SLA opened at GBX 269.30 ($3.52) on Monday. 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 firm has a 50-day moving average price of GBX 258.51 and a two-hundred day moving average price of GBX 271.80. Standard Life Aberdeen has a twelve month low of GBX 219.10 ($2.86) and a twelve month high of GBX 374.63 ($4.90). The company has a market capitalization of $6.47 billion and a P/E ratio of 5.80.

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

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

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.

Featured Article: How are capital gains distributions different for tax-deferred account?

Analyst Recommendations for Standard Life Aberdeen (LON:SLA)

Receive News & Ratings for Standard Life Aberdeen Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Standard Life Aberdeen and related companies with MarketBeat.com's FREE daily email newsletter.