Standard Life Aberdeen PLC (LON:SLA) has been given an average rating of "Hold" by the thirteen brokerages that are covering the stock, Marketbeat reports. Five research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is GBX 249.17 ($3.26).
Several equities research analysts have commented on the company. Credit Suisse Group restated an "underperform" rating on shares of Standard Life Aberdeen in a research note on Thursday, July 9th. JPMorgan Chase & Co. dropped their price target on Standard Life Aberdeen from GBX 250 ($3.27) to GBX 245 ($3.20) and set a "neutral" rating for the company in a research note on Monday, July 6th. Barclays lowered Standard Life Aberdeen to an "underweight" rating and upped their price target for the stock from GBX 195 ($2.55) to GBX 240 ($3.14) in a research note on Monday, July 20th. Morgan Stanley upped their price target on Standard Life Aberdeen from GBX 195 ($2.55) to GBX 230 ($3.01) and gave the stock an "underweight" rating in a research note on Wednesday, June 3rd. Finally, Jefferies Financial Group restated a "buy" rating on shares of Standard Life Aberdeen in a research note on Tuesday, June 30th.
In related news, insider Stephanie Bruce bought 103,859 shares of the stock in a transaction dated Tuesday, July 7th. The stock was acquired at an average price of GBX 265 ($3.46) per share, for a total transaction of £275,226.35 ($359,631.97). In the last quarter, insiders bought 103,954 shares of company stock valued at $27,547,700.
Standard Life Aberdeen stock opened at GBX 234 ($3.06) on Wednesday. The firm has a market capitalization of $5.24 billion and a P/E ratio of -5.88. The stock has a fifty day moving average price of GBX 249.18 and a 200 day moving average price of GBX 242.27. Standard Life Aberdeen has a 52 week low of GBX 170.30 ($2.23) and a 52 week high of GBX 338.25 ($4.42). The company has a current ratio of 16.36, a quick ratio of 10.31 and a debt-to-equity ratio of 17.26.
The business also recently announced a dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Thursday, August 20th will be paid a GBX 7.30 ($0.10) dividend. The ex-dividend date is Thursday, August 20th. This represents a dividend yield of 2.76%. Standard Life Aberdeen's dividend payout ratio (DPR) is currently -55.28%.
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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10 Oversold Stocks That Are Ready For a Comeback
A fundamental concept of investing is to buy stocks at a value. One strategy used by investors is to focus on stocks that are oversold. Fundamental analysis can give investors an idea of certain stocks to look at. However, momentum is also important. For that reason, investors look for technical indicators to help them find oversold stocks that might be ready for a comeback.
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RSI = 100 - ( 100 / 1 + RS)
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View the "10 Oversold Stocks That Are Ready For a Comeback".