Standard Life Aberdeen’s (SLA) Buy Rating Reaffirmed at Jefferies Financial Group

Jefferies Financial Group reaffirmed their buy rating on shares of Standard Life Aberdeen (LON:SLA) in a research note released on Tuesday morning, ThisIsMoney.Co.Uk reports.

SLA has been the subject of a number of other reports. Berenberg Bank lowered their price target on Standard Life Aberdeen from GBX 220 ($2.71) to GBX 190 ($2.34) and set a hold rating for the company in a research report on Monday, April 6th. Goldman Sachs Group reissued a buy rating on shares of Standard Life Aberdeen in a report on Monday, April 27th. Deutsche Bank restated a hold rating on shares of Standard Life Aberdeen in a research note on Monday, June 22nd. UBS Group raised their target price on Standard Life Aberdeen from GBX 185 ($2.28) to GBX 255 ($3.14) and gave the stock a neutral rating in a research note on Thursday, June 18th. Finally, Credit Suisse Group lifted their price target on Standard Life Aberdeen from GBX 210 ($2.58) to GBX 240 ($2.95) and gave the company an underperform rating in a research report on Thursday, June 25th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. The company has an average rating of Hold and an average target price of GBX 237.50 ($2.92).

Shares of SLA opened at GBX 267.60 ($3.29) on Tuesday. Standard Life Aberdeen has a 12-month low of GBX 170.30 ($2.10) and a 12-month high of GBX 338.25 ($4.16). The business’s fifty day moving average is GBX 249.57 and its 200 day moving average is GBX 267.15. The company has a quick ratio of 1.18, a current ratio of 2.66 and a debt-to-equity ratio of 18.92. The stock has a market cap of $5.99 billion and a P/E ratio of 23.95.

In other news, insider Keith Skeoch acquired 658 shares of Standard Life Aberdeen stock in a transaction on Tuesday, May 19th. The shares were bought at an average cost of GBX 230 ($2.83) per share, for a total transaction of £1,513.40 ($1,862.42). Over the last quarter, insiders bought 761 shares of company stock worth $176,230.

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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Analyst Recommendations for Standard Life Aberdeen (LON:SLA)

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