Standard Life (LON:SDLF) Reaches New 1-Year High – Time to Buy?
by Michael Walen · The Markets DailyStandard Life (LON:SDLF – Get Free Report) reached a new 52-week high on Wednesday . The company traded as high as GBX 830.50 and last traded at GBX 828.80, with a volume of 1734747 shares traded. The stock had previously closed at GBX 819.50.
Wall Street Analysts Forecast Growth
SDLF has been the subject of several research analyst reports. JPMorgan Chase & Co. increased their target price on Standard Life from GBX 950 to GBX 975 and gave the stock an “overweight” rating in a research report on Monday. Citigroup boosted their price target on Standard Life from GBX 769 to GBX 840 and gave the stock a “buy” rating in a report on Friday, April 17th. Berenberg Bank upped their price target on Standard Life from GBX 918 to GBX 975 and gave the stock a “buy” rating in a research note on Thursday, June 18th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 870 price objective on shares of Standard Life in a research report on Monday, May 18th. Four analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of GBX 915.
Get Our Latest Stock Report on SDLF
Standard Life Stock Performance
The company’s 50-day moving average price is GBX 775.10. The stock has a market cap of £8.37 billion and a PE ratio of -17.73.
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.