Standard Life Aberdeen (LON:SLA) Earns “Hold” Rating from Deutsche Bank
Deutsche Bank reiterated their hold rating on shares of Standard Life Aberdeen (LON:SLA) in a research note issued to investors on Monday morning, ThisIsMoney.Co.Uk reports.
Several other brokerages have also recently issued reports on SLA. Credit Suisse Group boosted their price target on Standard Life Aberdeen from GBX 320 ($4.21) to GBX 335 ($4.41) and gave the company a neutral rating in a research report on Friday, January 24th. Berenberg Bank decreased their price objective on Standard Life Aberdeen from GBX 343 ($4.51) to GBX 220 ($2.89) and set a hold rating for the company in a research report on Monday, March 16th. Royal Bank of Canada reaffirmed an underperform rating on shares of Standard Life Aberdeen in a research report on Friday, March 20th. UBS Group reiterated a buy rating on shares of Standard Life Aberdeen in a research note on Wednesday, March 11th. Finally, JPMorgan Chase & Co. dropped their target price on Standard Life Aberdeen from GBX 350 ($4.60) to GBX 250 ($3.29) and set a neutral rating on the stock in a report on Wednesday, March 18th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the stock. Standard Life Aberdeen presently has a consensus rating of Hold and an average price target of GBX 279.27 ($3.67).
Shares of SLA opened at GBX 225.10 ($2.96) on Monday. Standard Life Aberdeen has a fifty-two week low of GBX 236 ($3.10) and a fifty-two week high of GBX 338.25 ($4.45). The company has a market capitalization of $5.08 billion and a price-to-earnings ratio of 4.85. The firm has a 50-day simple moving average of GBX 272.67 and a 200-day simple moving average of GBX 294.82. The company has a debt-to-equity ratio of 15.89, a quick ratio of 1.86 and a current ratio of 2.75.
In other news, insider Keith Skeoch acquired 50,294 shares of Standard Life Aberdeen stock in a transaction that occurred on Tuesday, March 17th. The stock was purchased at an average price of GBX 197 ($2.59) per share, for a total transaction of £99,079.18 ($130,333.04).
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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