Goldman Sachs Group Reiterates “Buy” Rating for Standard Life Aberdeen (LON:SLA)

Goldman Sachs Group reaffirmed their buy rating on shares of Standard Life Aberdeen (LON:SLA) in a research report report published on Wednesday, Stock Target Advisor reports. The firm currently has a GBX 340 ($4.44) target price on the stock, up from their previous target price of GBX 315 ($4.12).

A number of other equities research analysts also recently issued reports on the stock. UBS Group reaffirmed a buy rating and set a GBX 330 ($4.31) price target (down previously from GBX 355 ($4.64)) on shares of Standard Life Aberdeen in a research note on Tuesday, August 13th. Royal Bank of Canada decreased their price target on shares of Standard Life Aberdeen from GBX 210 ($2.74) to GBX 205 ($2.68) and set an underperform rating on the stock in a research note on Monday, August 19th. Morgan Stanley decreased their price target on shares of Standard Life Aberdeen from GBX 342 ($4.47) to GBX 288 ($3.76) and set an equal weight rating on the stock in a research note on Wednesday, August 14th. Jefferies Financial Group upped their price target on shares of Standard Life Aberdeen from GBX 390 ($5.10) to GBX 400 ($5.23) and gave the company a buy rating in a research note on Tuesday, November 5th. Finally, Deutsche Bank reaffirmed a hold rating on shares of Standard Life Aberdeen in a research note on Tuesday, September 3rd. One 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 stock. The stock has an average rating of Hold and a consensus price target of GBX 310.91 ($4.06).

Shares of LON:SLA traded up GBX 2.20 ($0.03) during midday trading on Wednesday, reaching GBX 311.40 ($4.07). 5,193,102 shares of the company were exchanged, compared to its average volume of 9,330,000. The company has a current ratio of 3.75, a quick ratio of 2.53 and a debt-to-equity ratio of 12.26. The business’s fifty day moving average is GBX 292.23 and its two-hundred day moving average is GBX 278.92. Standard Life Aberdeen has a one year low of GBX 219.10 ($2.86) and a one year high of GBX 315.20 ($4.12). The stock has a market cap of $7.29 billion and a PE ratio of 6.71.

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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