UBS Group reiterated their buy rating on shares of Standard Life Aberdeen (LON:SLA) in a report released on Wednesday, ThisIsMoney.Co.Uk reports.
A number of other research analysts also recently issued reports on SLA. Deutsche Bank reissued a hold rating on shares of Standard Life Aberdeen in a research note on Monday. Jefferies Financial Group reissued a buy rating and issued a GBX 410 ($5.36) price objective on shares of Standard Life Aberdeen in a research note on Monday, March 25th. JPMorgan Chase & Co. dropped their price objective on Standard Life Aberdeen from GBX 365 ($4.77) to GBX 350 ($4.57) and set an overweight rating on the stock in a research note on Wednesday, March 20th. Goldman Sachs Group reissued a buy rating and issued a GBX 315 ($4.12) price objective (up from GBX 310 ($4.05)) on shares of Standard Life Aberdeen in a research note on Monday, April 1st. Finally, Barclays downgraded Standard Life Aberdeen to an equal weight rating and dropped their price objective for the company from GBX 338 ($4.42) to GBX 295 ($3.85) in a research note on Friday, April 12th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of Buy and a consensus target price of GBX 328.33 ($4.29).
Shares of LON:SLA traded up GBX 2 ($0.03) during midday trading on Wednesday, reaching GBX 266 ($3.48). The company’s stock had a trading volume of 6,430,071 shares, compared to its average volume of 9,330,000. The company has a market capitalization of $6.36 billion and a price-to-earnings ratio of 9.14. The company has a debt-to-equity ratio of 17.20, a current ratio of 1.58 and a quick ratio of 1.01. Standard Life Aberdeen has a fifty-two week low of GBX 219.10 ($2.86) and a fifty-two week high of GBX 427.89 ($5.59).
The company also recently declared a dividend, which will be paid on Tuesday, May 21st. Investors of record on Thursday, April 11th will be paid a dividend of GBX 14.30 ($0.19) per share. This is an increase from Standard Life Aberdeen’s previous dividend of $7.30. This represents a yield of 5.7%. The ex-dividend date is Thursday, April 11th. Standard Life Aberdeen’s dividend payout ratio is 0.79%.
In other news, insider Douglas J. Flint purchased 7,750 shares of the company’s stock in a transaction that occurred on Friday, March 29th. The shares were acquired at an average cost of GBX 263 ($3.44) per share, with a total value of £20,382.50 ($26,633.35). Also, insider Cathleen Raffaeli purchased 9,315 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The shares were purchased at an average cost of GBX 260 ($3.40) per share, for a total transaction of £24,219 ($31,646.41). Over the last ninety days, insiders have purchased 24,933 shares of company stock worth $6,489,776.
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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