Standard Life (LON:SDLF) Price Target Raised to GBX 970

Standard Life (LON:SDLF) had its target price upped by Royal Bank Of Canada from GBX 885 to GBX 970 in a research report released on Wednesday,Digital Look reports. Royal Bank Of Canada currently has a sector perform rating on the stock.

Several other research firms also recently issued reports on SDLF. JPMorgan Chase & Co. lifted their price target on Standard Life from GBX 975 to GBX 1,075 and gave the stock an “overweight” rating in a research note on Thursday, August 13th. Berenberg Bank restated a “buy” rating and set a GBX 1,072 target price on shares of Standard Life in a report on Monday, September 14th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 989.25.

Standard Life Stock Performance

Shares of SDLF stock opened at GBX 897.50 on Wednesday. The business’s fifty day moving average price is GBX 923.02. The firm has a market capitalization of £8.99 billion and a PE ratio of -19.06. Standard Life has a 1 year low of GBX 633.50 and a 1 year high of GBX 960.

Standard Life (LON:SDLF) last posted its earnings results on Monday, September 7th. The company reported GBX (20.30) EPS for the quarter.

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.