Standard Life Aberdeen (LON:SLA) Given Buy Rating at Goldman Sachs Group
Goldman Sachs Group reissued their buy rating on shares of Standard Life Aberdeen (LON:SLA) in a research note published on Tuesday morning, ThisIsMoney.Co.Uk reports.
A number of other research firms have also issued reports on SLA. JPMorgan Chase & Co. boosted their price objective on Standard Life Aberdeen from GBX 350 ($4.57) to GBX 360 ($4.70) and gave the company an overweight rating in a research report on Monday, July 8th. Barclays boosted their price target 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. Deutsche Bank reiterated a hold rating on shares of Standard Life Aberdeen in a research report on Friday, July 12th. UBS Group reiterated a buy rating and set a GBX 355 ($4.64) price target (up previously from GBX 350 ($4.57)) on shares of Standard Life Aberdeen in a research report on Monday, August 5th. Finally, Berenberg Bank boosted their price target on Standard Life Aberdeen from GBX 290 ($3.79) to GBX 326 ($4.26) and gave the stock a hold rating in a research report on Friday, July 5th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of GBX 307.90 ($4.02).
LON:SLA opened at GBX 240.10 ($3.14) on Tuesday. Standard Life Aberdeen has a 12-month low of GBX 219.10 ($2.86) and a 12-month high of GBX 385.60 ($5.04). The firm has a market capitalization of $5.74 billion and a P/E ratio of 8.25. The company has a debt-to-equity ratio of 17.20, a current ratio of 1.58 and a quick ratio of 1.01. The business has a 50 day simple moving average of GBX 291.12 and a 200 day simple moving average of GBX 270.98.
In other Standard Life Aberdeen news, insider Rod Paris sold 7,411 shares of the business’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of GBX 259 ($3.38), for a total transaction of £19,194.49 ($25,081.00). Also, insider Douglas J. Flint purchased 7,600 shares of Standard Life Aberdeen stock in a transaction on Wednesday, August 7th. The shares were acquired at an average price of GBX 260 ($3.40) per share, with a total value of £19,760 ($25,819.94). Insiders have acquired a total of 7,692 shares of company stock valued at $2,003,364 in the last quarter.
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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