Standard Life Aberdeen (LON:SLA) Earns “Underperform” Rating from Royal Bank of Canada

Royal Bank of Canada reaffirmed their underperform rating on shares of Standard Life Aberdeen (LON:SLA) in a research note released on Thursday morning, ThisIsMoney.Co.Uk reports.

A number of other brokerages also recently weighed in on SLA. Credit Suisse Group reissued an underperform rating on shares of Standard Life Aberdeen in a research report on Thursday, July 9th. Jefferies Financial Group reissued a buy rating on shares of Standard Life Aberdeen in a research report on Tuesday, June 30th. Morgan Stanley boosted their price target on Standard Life Aberdeen from GBX 195 ($2.40) to GBX 230 ($2.83) and gave the stock an underweight rating in a research report on Wednesday, June 3rd. UBS Group upped their target price on Standard Life Aberdeen from GBX 255 ($3.14) to GBX 270 ($3.32) and gave the company a neutral rating in a research report on Wednesday, July 15th. Finally, Barclays downgraded Standard Life Aberdeen to an underweight rating and upped their target price for the company from GBX 195 ($2.40) to GBX 240 ($2.95) in a research report on Monday, July 20th. Five investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. Standard Life Aberdeen currently has a consensus rating of Hold and an average price target of GBX 252 ($3.10).

Shares of LON SLA opened at GBX 250.40 ($3.08) on Thursday. The business’s 50 day moving average price is GBX 261.28 and its two-hundred day moving average price is GBX 257.57. The company has a market cap of $5.66 billion and a PE ratio of 22.56. The company has a quick ratio of 1.18, a current ratio of 2.66 and a debt-to-equity ratio of 18.92. Standard Life Aberdeen has a twelve month low of GBX 2.66 ($0.03) and a twelve month high of GBX 338.25 ($4.16).

In related news, insider Keith Skeoch purchased 658 shares of Standard Life Aberdeen stock in a transaction that occurred on Tuesday, May 19th. The shares were acquired at an average price of GBX 230 ($2.83) per share, with a total value of £1,513.40 ($1,862.42). Also, insider Stephanie Bruce purchased 103,859 shares of Standard Life Aberdeen stock in a transaction that occurred on Tuesday, July 7th. The shares were bought at an average cost of GBX 265 ($3.26) per share, for a total transaction of £275,226.35 ($338,698.44). Insiders have purchased 104,669 shares of company stock worth $27,711,556 in the last three months.

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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