Standard Life (LON:SDLF) Sets New 1-Year High – Here’s Why

Standard Life (LON:SDLFGet Free Report)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as GBX 879.50 and last traded at GBX 872, with a volume of 1998630 shares changing hands. The stock had previously closed at GBX 868.50.

Analyst Ratings Changes

Several brokerages have issued reports on SDLF. Citigroup raised their target price on Standard Life from GBX 769 to GBX 840 and gave the stock a “buy” rating in a research report on Friday, April 17th. JPMorgan Chase & Co. increased their price objective on shares of Standard Life from GBX 950 to GBX 975 and gave the stock an “overweight” rating in a research note on Monday, June 22nd. Berenberg Bank raised their price objective on shares of Standard Life from GBX 918 to GBX 975 and gave the stock a “buy” rating in a report on Thursday, June 18th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a GBX 870 target price on shares of Standard Life in a research report on Monday, May 18th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Standard Life currently has an average rating of “Buy” and an average price target of GBX 915.

Get Our Latest Stock Report on SDLF

Standard Life Trading Down 0.2%

The company has a market capitalization of £8.95 billion and a PE ratio of -18.96. The company has a 50 day moving average price of GBX 802.75.

About Standard Life

(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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