You are here

Prices & Quotes - UK Markets - Standard Life Aberdeen (SLA)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Up 289.60p
Change Today:
4.60p
Market Cap:
6,315m
Sector:
Financial Services

JP Morgan upgrades Standard Life Aberdeen, recommends reducing payout

By Alexander Bueso

Date: Tuesday 29 Sep 2020

LONDON (ShareCast) - (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.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

SLA Market Data

Currency UK Pounds
Price 289.60p
Change Today 4.60p
52 Week High 331.10p
52 Week Low 203.60p
Volume 4,810,709
Shares Issued 2,180.72m
Market Cap 6,315m
Beta 0.04

Performance Indicators

Compare performance with the sector and the market.

Key
Vs Market
Vs Sector
Value
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. half sector star
  5. empty sector
Price Trend
market
  1. full market star
  2. full market star
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. empty sector
  4. empty sector
  5. empty sector
Income
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. half market star
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. half sector star
Growth
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. half market star
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. empty sector
Price Chg 6m
market
  1. full market star
  2. full market star
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. half sector star
  3. empty sector
  4. empty sector
  5. empty sector
P/E
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. half market star
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. half sector star
  5. empty sector
PEG
market
  1. full market star
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Dividend Yield
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. empty sector
EPS Growth
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. half market star
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. half sector star
Operating Margin
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. empty sector

What The Brokers Say

Strong Buy 6
Buy 1
Neutral 7
Sell 1
Strong Sell 2
Total 17
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

SLA Dividends

  Latest Previous
  Final Interim
Ex-Div 15-Apr-21 20-Aug-20
Paid 25-May-21 29-Sep-20
Amount 7.30p 7.30p

Trades for 16-Apr-2021

Time Volume / Share Price
16:35 2,092,089 @ 289.60p
16:29 1 @ 288.90p
16:29 10 @ 289.00p
16:29 9 @ 289.00p
16:29 16 @ 288.80p

SLA Key Personnel

Chair Douglas J Flint
CFO Stephanie Bruce
CEO Stephen Bird