Standard Life (LON:SDLF) Sets New 12-Month High – Still a Buy?

Shares of Standard Life (LON:SDLFGet Free Report) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 932.50 and last traded at GBX 929.50, with a volume of 1263951 shares traded. The stock had previously closed at GBX 921.50.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Royal Bank Of Canada raised Standard Life to a “sector perform” rating and increased their price target for the stock from GBX 870 to GBX 885 in a research note on Monday, July 27th. JPMorgan Chase & Co. upped their price objective on shares of Standard Life from GBX 950 to GBX 975 and gave the stock an “overweight” rating in a report on Monday, June 22nd. Citigroup increased their target price on shares of Standard Life from GBX 769 to GBX 840 and gave the company a “buy” rating in a research report on Friday, April 17th. Finally, Berenberg Bank raised their target price on shares of Standard Life from GBX 975 to GBX 1,072 and gave the company a “buy” rating in a research note on Thursday, July 23rd. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 943.

View Our Latest Research Report on Standard Life

Standard Life Trading Up 0.8%

The stock has a market capitalization of £9.31 billion and a PE ratio of -19.72. The business has a fifty day moving average of GBX 841.15.

About Standard Life

(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.

Further Reading

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