Standard Life (LON:SDLF) Price Target Raised to GBX 1,075

Standard Life (LON:SDLF) had its price target boosted by JPMorgan Chase & Co. from GBX 975 to GBX 1,075 in a research note published on Thursday, Marketbeat.com reports. The firm currently has an overweight rating on the stock.

Other equities analysts have also recently issued research reports about the stock. Royal Bank Of Canada upgraded shares of Standard Life to a “sector perform” rating and increased their price objective for the stock from GBX 870 to GBX 885 in a research note on Monday, July 27th. Citigroup boosted 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 upped their target price on shares of Standard Life from GBX 975 to GBX 1,072 and gave the company a “buy” rating in a report on Thursday, July 23rd. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 968.

Standard Life Price Performance

Shares of LON:SDLF opened at GBX 922.19 on Thursday. The stock has a 50-day moving average price of GBX 865.65. The stock has a market capitalization of £9.24 billion and a PE ratio of -19.58. Standard Life has a 52-week low of GBX 633.50 and a 52-week high of GBX 948.50.

About Standard Life

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.