Standard Life Aberdeen (SLA) Given Underperform Rating at Royal Bank of Canada
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.
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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