Standard Life Aberdeen (LON:SLA) had its price target lowered by Jefferies Financial Group from GBX 400 ($5.26) to GBX 300 ($3.95) in a research report released on Monday, Stock Target Advisor reports. The brokerage currently has a buy rating on the stock.
A number of other research firms also recently weighed in on SLA. BNP Paribas downgraded shares of Standard Life Aberdeen to an underperform rating in a research report on Tuesday, January 7th. Barclays raised their target price on shares of Standard Life Aberdeen from GBX 300 ($3.95) to GBX 310 ($4.08) and gave the company an equal weight rating in a research report on Monday, January 13th. Credit Suisse Group raised their target price on shares of Standard Life Aberdeen from GBX 320 ($4.21) to GBX 335 ($4.41) and gave the company a neutral rating in a research report on Friday, January 24th. Berenberg Bank decreased their target price on shares of Standard Life Aberdeen from GBX 343 ($4.51) to GBX 220 ($2.89) and set a hold rating for the company in a research report on Monday, March 16th. Finally, Royal Bank of Canada reaffirmed an underperform rating on shares of Standard Life Aberdeen in a research report on Friday, March 20th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the stock. Standard Life Aberdeen has an average rating of Hold and a consensus price target of GBX 269.27 ($3.54).
Shares of SLA stock opened at GBX 242.10 ($3.18) on Monday. The firm has a fifty day moving average of GBX 270.98 and a 200-day moving average of GBX 294.69. The company has a quick ratio of 1.18, a current ratio of 2.66 and a debt-to-equity ratio of 18.92. Standard Life Aberdeen has a 12-month low of GBX 170.30 ($2.24) and a 12-month high of GBX 338.25 ($4.45). The company has a market capitalization of $5.08 billion and a price-to-earnings ratio of 21.81.
The company also recently disclosed a dividend, which will be paid on Tuesday, May 19th. Stockholders of record on Thursday, April 2nd will be given a GBX 14.30 ($0.19) dividend. This represents a dividend yield of 5.85%. The ex-dividend date of this dividend is Thursday, April 2nd. This is an increase from Standard Life Aberdeen’s previous dividend of $7.30. Standard Life Aberdeen’s dividend payout ratio (DPR) is 1.98%.
In other news, insider Keith Skeoch acquired 50,294 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The stock was bought at an average price of GBX 197 ($2.59) per share, with a total value of £99,079.18 ($130,333.04).
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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