Standard Life Aberdeen (SLA) Rating Reiterated by Berenberg Bank
Standard Life Aberdeen (LON:SLA)‘s stock had its “hold” rating reissued by research analysts at Berenberg Bank in a research note issued to investors on Tuesday, Digital Look reports. They presently have a GBX 290 ($3.79) price target on the stock. Berenberg Bank’s price target suggests a potential upside of 8.98% from the stock’s previous close.
SLA has been the subject of several other reports. Goldman Sachs Group reissued a “buy” rating on shares of Standard Life Aberdeen in a report on Wednesday, February 27th. Numis Securities reissued a “buy” rating and issued a GBX 361 ($4.72) target price on shares of Standard Life Aberdeen in a report on Wednesday, March 13th. Citigroup reissued a “buy” rating on shares of Standard Life Aberdeen in a report on Tuesday, March 12th. Deutsche Bank reissued a “hold” rating on shares of Standard Life Aberdeen in a report on Monday, May 13th. Finally, Jefferies Financial Group reduced their target price on shares of Standard Life Aberdeen from GBX 488 ($6.38) to GBX 361 ($4.72) and set a “buy” rating for the company in a report on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of GBX 328.33 ($4.29).
Standard Life Aberdeen stock traded up GBX 1.10 ($0.01) during midday trading on Tuesday, hitting GBX 266.10 ($3.48). The stock had a trading volume of 11,691,167 shares, compared to its average volume of 9,330,000. The firm has a market capitalization of $6.37 billion and a price-to-earnings ratio of 9.14. Standard Life Aberdeen has a 52-week low of GBX 219.10 ($2.86) and a 52-week high of GBX 427.89 ($5.59). The company has a current ratio of 1.58, a quick ratio of 1.01 and a debt-to-equity ratio of 17.20.
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.
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