Standard Life (LON:SDLF – Get Free Report)’s stock price hit a new 52-week high on Wednesday . The company traded as high as GBX 932.50 and last traded at GBX 929.50, with a volume of 1263951 shares changing hands. The stock had previously closed at GBX 921.50.
Analysts Set New Price Targets
A number of equities analysts have issued reports on SDLF shares. Citigroup raised their target price on shares of Standard Life from GBX 769 to GBX 840 and gave the stock a “buy” rating in a report on Friday, April 17th. Royal Bank Of Canada raised Standard Life to a “sector perform” rating and upped their target price for the company from GBX 870 to GBX 885 in a report on Monday, July 27th. JPMorgan Chase & Co. increased their price target on Standard Life from GBX 950 to GBX 975 and gave the stock an “overweight” rating in a research report on Monday, June 22nd. Finally, Berenberg Bank raised their price target on Standard Life from GBX 975 to GBX 1,072 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 943.
Read Our Latest Stock Analysis on Standard Life
Standard Life Stock Up 0.8%
Standard Life Company Profile
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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