Standard Life Aberdeen (LON:SLA) Sets New 12-Month High on Analyst Upgrade

Shares of Standard Life Aberdeen PLC (LON:SLA) hit a new 52-week high on Tuesday after Berenberg Bank raised their price target on the stock from GBX 326 to GBX 343. Berenberg Bank currently has a hold rating on the stock. Standard Life Aberdeen traded as high as GBX 313.12 ($4.09) and last traded at GBX 312.30 ($4.08), with a volume of 97386 shares trading hands. The stock had previously closed at GBX 310.70 ($4.06).

A number of other equities research analysts also recently weighed in on SLA. Goldman Sachs Group reaffirmed a “buy” rating on shares of Standard Life Aberdeen in a research report on Tuesday, August 13th. Royal Bank of Canada lowered their price target on Standard Life Aberdeen from GBX 210 ($2.74) to GBX 205 ($2.68) and set an “underperform” rating for the company in a report on Monday, August 19th. UBS Group reissued a “buy” rating and issued a GBX 330 ($4.31) price target (down previously from GBX 355 ($4.64)) on shares of Standard Life Aberdeen in a report on Tuesday, August 13th. Credit Suisse Group assumed coverage on Standard Life Aberdeen in a report on Tuesday, October 1st. They issued a “neutral” rating and a GBX 270 ($3.53) price target for the company. Finally, Jefferies Financial Group raised their price target on Standard Life Aberdeen from GBX 390 ($5.10) to GBX 400 ($5.23) and gave the stock a “buy” rating in a report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of GBX 310.91 ($4.06).

The company has a debt-to-equity ratio of 12.26, a current ratio of 3.75 and a quick ratio of 2.53. The firm has a market cap of $7.27 billion and a price-to-earnings ratio of 6.67. The firm has a fifty day simple moving average of GBX 290.84 and a two-hundred day simple moving average of GBX 278.61.

Standard Life Aberdeen Company Profile (LON:SLA)

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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