Deutsche Bank Trims Standard Life Aberdeen (LON:SLA) Target Price to GBX 265

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Standard Life Aberdeen (LON:SLA) had its price target reduced by Deutsche Bank from GBX 310 ($4.05) to GBX 265 ($3.46) in a research note issued to investors on Tuesday, ThisIsMoney.Co.Uk reports. They currently have a hold rating on the stock.

Several other equities research analysts have also recently issued reports on SLA. JPMorgan Chase & Co. lifted their target price on shares of Standard Life Aberdeen from GBX 350 ($4.57) to GBX 360 ($4.70) and gave the stock an overweight rating in a research note on Monday, July 8th. Barclays boosted their price target on shares of Standard Life Aberdeen from GBX 295 ($3.85) to GBX 300 ($3.92) and gave the company an equal weight rating in a research report on Monday, July 8th. Goldman Sachs Group reissued a buy rating on shares of Standard Life Aberdeen in a research report on Tuesday. UBS Group reissued a buy rating and set a GBX 355 ($4.64) price target (up previously from GBX 350 ($4.57)) on shares of Standard Life Aberdeen in a research report on Monday, August 5th. Finally, Royal Bank of Canada reissued an underperform rating and set a GBX 215 ($2.81) price target on shares of Standard Life Aberdeen in a research report on Wednesday, June 26th. One analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. Standard Life Aberdeen has a consensus rating of Hold and an average target price of GBX 307.90 ($4.02).

Shares of SLA opened at GBX 240.10 ($3.14) on Tuesday. Standard Life Aberdeen has a 52-week low of GBX 219.10 ($2.86) and a 52-week high of GBX 385.60 ($5.04). The company has a quick ratio of 1.01, a current ratio of 1.58 and a debt-to-equity ratio of 17.20. The firm’s fifty day moving average is GBX 291.12 and its two-hundred day moving average is GBX 270.98. The stock has a market cap of $5.74 billion and a PE ratio of 8.25.

The company also recently declared a dividend, which will be paid on Tuesday, September 24th. Stockholders of record on Thursday, August 15th will be given a dividend of GBX 7.30 ($0.10) per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a dividend yield of 2.75%. Standard Life Aberdeen’s payout ratio is 0.79%.

In related news, insider Rod Paris sold 7,411 shares of the business’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of GBX 259 ($3.38), for a total value of £19,194.49 ($25,081.00). Also, insider Douglas J. Flint acquired 7,600 shares of Standard Life Aberdeen stock in a transaction that occurred on Wednesday, August 7th. The stock was bought at an average price of GBX 260 ($3.40) per share, for a total transaction of £19,760 ($25,819.94). In the last three months, insiders have bought 7,692 shares of company stock worth $2,003,364.

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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