AIM IP specialist Tekcapital to sell or float all four portfolio companies 'within 2 years'. Watch the full video here

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksStandard Life Aberdeen Share News (SLA)

Share Price Information for Standard Life Aberdeen (SLA)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 278.80
Bid: 278.50
Ask: 278.70
Change: 1.40 (0.50%)
Spread: 0.20 (0.07%)
Open: 279.00
High: 280.70
Low: 275.80
Yest. Close: 277.40
SLA Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

RNS Alerts are a premium feature

Login to your account

myTerminal is a premium feature

Login to your account

Don't have an account? Click here to register.

JP Morgan upgrades Standard Life Aberdeen, recommends reducing payout

Tue, 29th Sep 2020 17:20

(Sharecast News) - Analysts at JP Morgan upgraded their recommendation for shares of Standard Life Aberdeen from 'neutral' to 'overweight' after analysing the various avenues at the new chief executive officer's disposal to close the valuation gap versus rivals.
From amongst those possible areas for improvement, the investment bank noted a possible reduction in the dividend payout, given that the insurer's was the highest in the top flight index and improved disclosure and efficiency in its Platforms and Wealth business.

Non-organic growth was another possible path, JP Morgan said, arguing that Standard Life could reinvest surplus capital from the sale of HDFC Life to accelerate growth at its Aberdeen Standard Investments unit via acquisitions.

Indeed, the then current share price for Standard Life implied a price-to-earnings multiple of just five for ASI, versus the European Asset Management sector on 12 times' earnings.

"Hence we see opportunities to close this gap."

Even after lowering their estimates for the firm's dividend yield to in financial years 2020/21, that still left the shares sporting a roughly 7% yield, JP Morgan pointed out, in comparison to 3.5% for FTSE 100 constituents on average.

JP Morgan also nudged up its estimates for earnings per share in 2020-21 by 2% and 1%, respectively.

All told, the target price was raised from 255.0p to 270.0p.

More News

Sunday newspaper round-up: GlaxoSmithKline, Rare Earths, Amazon

(Sharecast News) - Top investors in Glaxo Smith Kline are piling pressure on Dame Emma Walmsley after the activist New York hedge fund Elliott Management was revealed to have built a significant stake. Two top-20 investors in the drugs and consumer goods giant said that the chief executive's future was in doubt after four years of disappointing performance. One top-20 investor said there was "no desire to protect her" among institutional shareholders. Another said that Walmsley, 51, should step aside after her plan to break the business in two is carried out and hand over to her lieutenant, Luke Miels. - Sunday Times

2 May 21 12:32

Standard Life Aberdeen to change name to Abrdn - pronounced "Aberdeen"

Standard Life Aberdeen to change name to Abrdn - pronounced "Aberdeen"

26 Apr 21 08:36

Standard Life Aberdeen changes name to 'Abrdn'

(Sharecast News) - Standard Life Aberdeen said it would change its name to "Abrdn plc", replacing one of the oldest and best-known brands in the savings and investment industry with a new modish label.

26 Apr 21 08:04

BROKER RATINGS: JPMorgan upgrades Babcock to overweight from neutral

BROKER RATINGS: JPMorgan upgrades Babcock to overweight from neutral

13 Apr 21 09:29

UK dividends calendar - next 7 days

UK dividends calendar - next 7 days

8 Apr 21 16:05

Thursday broker round-up

(Sharecast News) - Deliveroo: Berenberg initiates at hold with a target price of 310p.

8 Apr 21 12:47

TOP NEWS: Shaky start to life on LSE as Deliveroo shares tank on debut

TOP NEWS: Shaky start to life on LSE as Deliveroo shares tank on debut

31 Mar 21 09:06

PRESS: Some of UK's largest investors plan to shun Deliveroo IPO - FT

PRESS: Some of UK's largest investors plan to shun Deliveroo IPO - FT

25 Mar 21 18:01

BROKER RATINGS: Berenberg upgrades Aviva and Keywords Studios to Buy

BROKER RATINGS: Berenberg upgrades Aviva and Keywords Studios to Buy

25 Mar 21 09:32

LONDON MARKET MIDDAY: Shares lower; BoE to keep loose monetary policy

LONDON MARKET MIDDAY: Shares lower; BoE to keep loose monetary policy

18 Mar 21 12:19

BROKER RATINGS: UBS downgrades Persimmon and Crest Nicholson

BROKER RATINGS: UBS downgrades Persimmon and Crest Nicholson

18 Mar 21 09:45

LONDON MARKET OPEN: Mixed start as focus turns to BoE after dovish Fed

LONDON MARKET OPEN: Mixed start as focus turns to BoE after dovish Fed

18 Mar 21 08:57

Deutsche Bank ups Standard Life Aberdeen to 'buy'

(Sharecast News) - Deutsche Bank upped its recommendation on shares of Standard Life Aberdeen on Thursday to 'buy' from 'hold' and lifted the price target to 335p from 310p.

18 Mar 21 08:14

DIRECTOR DEALINGS: Frontier Developments Director buys 17,200 shares

DIRECTOR DEALINGS: Frontier Developments Director buys 17,200 shares

16 Mar 21 20:33

BROKER RATINGS: Four banks say feast on Moonpig shares

BROKER RATINGS: Four banks say feast on Moonpig shares

15 Mar 21 09:44

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.