Standard Life Aberdeen’s (SLA) “Buy” Rating Reiterated at UBS Group

UBS Group restated their buy rating on shares of Standard Life Aberdeen (LON:SLA) in a research note published on Wednesday morning, investing.thisismoney.co.uk reports.

Several other brokerages also recently commented on SLA. Citigroup reissued a buy rating and issued a GBX 400 ($5.23) price objective on shares of Standard Life Aberdeen in a research note on Friday, June 15th. Numis Securities raised Standard Life Aberdeen to a buy rating and set a GBX 452 ($5.91) price objective for the company in a research note on Wednesday, June 13th. Barclays lowered their price objective on Standard Life Aberdeen from GBX 460 ($6.01) to GBX 440 ($5.75) and set an overweight rating for the company in a research note on Thursday, June 14th. JPMorgan Chase & Co. lowered their price objective on Standard Life Aberdeen from GBX 500 ($6.53) to GBX 425 ($5.55) and set an overweight rating for the company in a research note on Wednesday, August 29th. Finally, Deutsche Bank lowered their price objective on Standard Life Aberdeen from GBX 415 ($5.42) to GBX 405 ($5.29) and set a buy rating for the company in a research note on Monday, August 13th. One research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. Standard Life Aberdeen currently has an average rating of Buy and a consensus price target of GBX 428 ($5.59).

Shares of Standard Life Aberdeen stock opened at GBX 274.70 ($3.59) on Wednesday. Standard Life Aberdeen has a 52 week low of GBX 339.67 ($4.44) and a 52 week high of GBX 448.60 ($5.86).

The firm also recently declared a dividend, which was paid on Tuesday, September 25th. Investors of record on Thursday, August 16th were given a dividend of GBX 7.30 ($0.10) per share. This represents a dividend yield of 2.3%. The ex-dividend date was Thursday, August 16th.

In other Standard Life Aberdeen news, insider John Devine purchased 15,713 shares of the firm’s stock in a transaction that occurred on Monday, September 24th. The stock was bought at an average cost of GBX 318 ($4.16) per share, with a total value of £49,967.34 ($65,291.18). Insiders have purchased 31,181 shares of company stock valued at $10,008,596 over the last ninety days.

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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