Standard Life Aberdeen (LON:SLA)‘s stock had its “underperform” rating restated by investment analysts at Royal Bank of Canada in a research report issued to clients and investors on Tuesday. They presently have a GBX 215 ($2.81) target price on the stock, down from their prior target price of GBX 260 ($3.40). Royal Bank of Canada’s price objective suggests a potential downside of 18.84% from the company’s current price.
SLA has been the subject of a number of other research reports. Berenberg Bank cut their price objective on Standard Life Aberdeen from GBX 312 ($4.08) to GBX 290 ($3.79) and set a “hold” rating for the company in a research report on Friday, February 8th. Barclays restated an “overweight” rating and set a GBX 417 ($5.45) price objective on shares of Standard Life Aberdeen in a research report on Monday, November 19th. Deutsche Bank lowered Standard Life Aberdeen to a “hold” rating and cut their price objective for the company from GBX 405 ($5.29) to GBX 295 ($3.85) in a research report on Monday, January 7th. Goldman Sachs Group restated a “buy” rating and set a GBX 244 ($3.19) price objective (down previously from GBX 345 ($4.51)) on shares of Standard Life Aberdeen in a research report on Friday, December 14th. Finally, JPMorgan Chase & Co. cut their price objective on Standard Life Aberdeen from GBX 380 ($4.97) to GBX 365 ($4.77) and set an “overweight” rating for the company in a research report on Monday, January 21st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the stock. Standard Life Aberdeen has a consensus rating of “Buy” and an average price target of GBX 341.33 ($4.46).
Shares of SLA stock opened at GBX 264.90 ($3.46) on Tuesday. Standard Life Aberdeen has a 52-week low of GBX 219.10 ($2.86) and a 52-week high of GBX 382.70 ($5.00). The company has a quick ratio of 0.01, a current ratio of 1.02 and a debt-to-equity ratio of 22.09. The firm has a market capitalization of $6.46 billion and a price-to-earnings ratio of 11.22.
In related news, insider Cathleen Raffaeli purchased 9,315 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was bought at an average price of GBX 260 ($3.40) per share, for a total transaction of £24,219 ($31,646.41). In the last quarter, insiders purchased 9,427 shares of company stock valued at $2,449,740.
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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