Standard Life (LON:SDLF) Hits New 1-Year High – Time to Buy?

Standard Life (LON:SDLF)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as GBX 951 and last traded at GBX 948, with a volume of 1769595 shares traded. The stock had previously closed at GBX 922.50.

Wall Street Analysts Forecast Growth

SDLF has been the subject of several research reports. JPMorgan Chase & Co. lifted their price objective on Standard Life from GBX 975 to GBX 1,075 and gave the stock an “overweight” rating in a research report on Thursday, August 13th. Royal Bank Of Canada raised Standard Life to a “sector perform” rating and raised their price target for the stock from GBX 870 to GBX 885 in a research report on Monday, July 27th. Finally, Berenberg Bank boosted 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 assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 968.

Standard Life Stock Performance

The firm’s 50 day moving average is GBX 907.47. The stock has a market capitalization of £9.48 billion and a price-to-earnings ratio of -20.07.

Standard Life (LON:SDLF) last released 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.