Standard Life Equity Income Trust Plc (LON:SLET) Given Average Recommendation of “Hold” by Analysts
Standard Life Equity Income Trust Plc (LON:SLET) has been given a consensus recommendation of “Hold” by the nine analysts that are currently covering the stock. Two analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is GBX 417.50 ($5.45).
Separately, Peel Hunt restated an “outperform” rating on shares of Standard Life Equity Income Trust Plc in a research report on Thursday.
In other news, insider Burns,Richard purchased 8,000 shares of the company’s stock in a transaction that occurred on Friday, September 2nd. The shares were bought at an average cost of GBX 409 ($5.34) per share, for a total transaction of £32,720 ($42,709.83).
Shares of Standard Life Equity Income Trust Plc (LON:SLET) traded down 1.69% during trading on Thursday, hitting GBX 408.00. The stock had a trading volume of 64,154 shares. Standard Life Equity Income Trust Plc has a 52 week low of GBX 360.00 and a 52 week high of GBX 467.00. The firm has a 50 day moving average price of GBX 4.24 and a 200-day moving average price of GBX 4.16.
The firm also recently disclosed a dividend, which was paid on Friday, September 23rd. Stockholders of record on Thursday, September 1st were given a GBX 3.60 ($0.05) dividend. This is a positive change from Standard Life Equity Income Trust Plc’s previous dividend of $3.40. This represents a dividend yield of 0.88%. The ex-dividend date was Thursday, September 1st.
Standard Life Equity Income Trust Plc Company Profile
Standard Life Equity Income Trust PLC is an investment company. The Company’s objective is to provide shareholders with an above average income from their equity investment while also providing real growth in capital and income. The Company invests in a diversified portfolio consisting mainly of quoted United Kingdom equities.
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