Standard Life (LON:SDLF) Issues Quarterly Earnings Results

Standard Life (LON:SDLFGet Free Report) posted its quarterly earnings results on Monday. The company reported GBX (20.30) earnings per share (EPS) for the quarter, Digital Look Earnings reports.

Standard Life Stock Down 0.1%

SDLF stock traded down GBX 1 during mid-day trading on Tuesday, hitting GBX 950.50. The stock had a trading volume of 1,332,970 shares, compared to its average volume of 28,689,775. The stock has a market cap of £9.53 billion and a PE ratio of -20.18. Standard Life has a 1-year low of GBX 633.50 and a 1-year high of GBX 960. The business’s fifty day moving average price is GBX 905.23.

Wall Street Analysts Forecast Growth

SDLF has been the subject of several analyst reports. Berenberg Bank upped their target price on Standard Life from GBX 975 to GBX 1,072 and gave the company a “buy” rating in a report on Thursday, July 23rd. Royal Bank Of Canada upgraded shares of Standard Life to a “sector perform” rating and boosted their price target for the company from GBX 870 to GBX 885 in a report on Monday, July 27th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Standard Life from GBX 975 to GBX 1,075 and gave the stock an “overweight” rating in a research note on Thursday, August 13th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 968.

Read Our Latest Stock Report on Standard Life

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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