Standard Life (LON:SDLF) Reaches New 52-Week High – Still a Buy?

Standard Life (LON:SDLFGet Free Report)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 879.50 and last traded at GBX 872, with a volume of 1998630 shares. The stock had previously closed at GBX 868.50.

Analyst Ratings Changes

SDLF has been the topic of several recent research reports. Citigroup raised their price objective on Standard Life from GBX 769 to GBX 840 and gave the company a “buy” rating in a report on Friday, April 17th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 870 target price on shares of Standard Life in a report on Monday, May 18th. JPMorgan Chase & Co. increased their target price on Standard Life from GBX 950 to GBX 975 and gave the company an “overweight” rating in a research report on Monday, June 22nd. Finally, Berenberg Bank lifted their price target on Standard Life from GBX 918 to GBX 975 and gave the company a “buy” rating in a research note on Thursday, June 18th. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of GBX 915.

Check Out Our Latest Analysis on SDLF

Standard Life Stock Performance

The firm has a market capitalization of £8.71 billion and a PE ratio of -18.46. The firm’s 50 day simple moving average is GBX 797.29.

Standard Life Company Profile

(Get Free Report)

Standard Life is a long-established provider of retirement, savings and investment products, historically known for life assurance, pensions and asset management. Its offerings have included workplace and personal pension plans, individual savings accounts (ISAs), annuities and a range of investment funds and wealth-management services aimed at both individual and institutional clients. The firm has traditionally distributed products through financial advisers, workplace channels and direct platforms.

Founded in 1825 and historically headquartered in Edinburgh, Standard Life built a strong presence in the U.K.

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