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

Standard Life (LON:SDLFGet Free Report) reached a new 52-week high during trading on Wednesday . The company traded as high as GBX 910.65 and last traded at GBX 910, with a volume of 1002926 shares. The stock had previously closed at GBX 900.

Analyst Ratings Changes

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

Get Our Latest Research Report on SDLF

Standard Life Stock Performance

The company has a market capitalization of £9.12 billion and a price-to-earnings ratio of -19.32. The company’s fifty day moving average price is GBX 813.96.

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.

Further Reading

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.