Standard Life (LON:SDLF) Sets New 52-Week High – Still a Buy?

Standard Life (LON:SDLFGet Free Report)’s share price hit 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 trading hands. The stock had previously closed at GBX 819.50.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Berenberg Bank upped their price target 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. Citigroup raised their price objective on Standard Life from GBX 769 to GBX 840 and gave the company a “buy” rating in a report on Friday, April 17th. JPMorgan Chase & Co. boosted their price objective on Standard Life from GBX 950 to GBX 975 and gave the stock an “overweight” rating in a research report on Monday. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 870 target price on shares of Standard Life in a report on Monday, May 18th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of GBX 915.

Read Our Latest Stock Report on SDLF

Standard Life Stock Performance

The firm has a market capitalization of £8.20 billion and a P/E ratio of -17.38. The firm has a 50 day simple moving average of GBX 770.28.

Standard Life Company Profile

(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.

See Also

Receive News & Ratings for Standard Life Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Standard Life and related companies with MarketBeat.com's FREE daily email newsletter.