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 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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