Standard Life Aberdeen (LON:SLA) Given Underperform Rating at Royal Bank of Canada

Standard Life Aberdeen (LON:SLA)‘s stock had its “underperform” rating reaffirmed by equities researchers at Royal Bank of Canada in a research report issued on Wednesday, June 26th, Digital Look reports. They presently have a GBX 215 ($2.81) price target on the stock. Royal Bank of Canada’s price target would suggest a potential downside of 28.45% from the stock’s previous close.

Several other equities analysts have also issued reports on SLA. Jefferies Financial Group reaffirmed a “hold” rating on shares of COMPASS GRP PLC/S in a research report on Tuesday, April 9th. Numis Securities lowered their price objective on shares of Lekoil from GBX 40 ($0.52) to GBX 22 ($0.29) and set a “buy” rating for the company in a research report on Tuesday, May 14th. Goldman Sachs Group set a €148.00 ($172.09) target price on shares of Airbus and gave the stock a “buy” rating in a report on Monday, April 1st. Berenberg Bank reduced their target price on shares of BT Group from GBX 260 ($3.40) to GBX 240 ($3.14) and set a “hold” rating on the stock in a report on Tuesday, May 21st. Finally, UBS Group reissued a “hold” rating and set a $130.00 target price on shares of Continental in a report on Wednesday, May 15th. One analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of GBX 315.10 ($4.12).

LON SLA traded down GBX 2.10 ($0.03) on Wednesday, hitting GBX 300.50 ($3.93). 3,357,309 shares of the stock were exchanged, compared to its average volume of 9,330,000. The business’s 50-day moving average price is GBX 287.39. The company has a market cap of $7.26 billion and a P/E ratio of 10.33. Standard Life Aberdeen has a 52-week low of GBX 219.10 ($2.86) and a 52-week high of GBX 385.60 ($5.04). The company has a debt-to-equity ratio of 17.20, a current ratio of 1.58 and a quick ratio of 1.01.

In related news, insider Keith Skeoch sold 44,225 shares of the stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of GBX 264 ($3.45), for a total value of £116,754 ($152,559.78). Also, insider Rod Paris sold 7,411 shares of the stock in a transaction dated Monday, May 20th. The shares were sold at an average price of GBX 259 ($3.38), for a total transaction of £19,194.49 ($25,081.00).

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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