Standard Life (LON:SDLF) Hits New 12-Month High – Time to Buy?

Standard Life (LON:SDLFGet Free Report)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as GBX 830.50 and last traded at GBX 828.80, with a volume of 1734747 shares. The stock had previously closed at GBX 819.50.

Analyst Ratings Changes

Several analysts recently commented on the company. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 870 target price on shares of Standard Life in a report on Monday, May 18th. Citigroup raised their price target on shares of Standard Life from GBX 769 to GBX 840 and gave the stock a “buy” rating in a report on Friday, April 17th. Berenberg Bank boosted their price target on shares of Standard Life from GBX 918 to GBX 975 and gave the stock a “buy” rating in a research report on Thursday, June 18th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Standard Life from GBX 950 to GBX 975 and gave the company an “overweight” rating in a research note on Monday. Four analysts have rated the stock with a Buy rating, According to MarketBeat, Standard Life presently has a consensus rating of “Buy” and an average target price of GBX 915.

View Our Latest Analysis on Standard Life

Standard Life Stock Performance

The firm has a market capitalization of £8.20 billion and a price-to-earnings ratio of -17.38. The business has a 50 day moving average of GBX 770.28.

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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