Standard Life (LON:SDLF) Hits New 12-Month High – Here’s Why

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

Analyst Upgrades and Downgrades

SDLF has been the topic of several recent analyst reports. JPMorgan Chase & Co. increased their price objective on shares of Standard Life from GBX 975 to GBX 1,075 and gave the company an “overweight” rating in a research report on Thursday, August 13th. Berenberg Bank increased their price target on shares of Standard Life from GBX 975 to GBX 1,072 and gave the company a “buy” rating in a report on Thursday, July 23rd. Finally, Royal Bank Of Canada raised shares of Standard Life to a “sector perform” rating and raised their price target for the company from GBX 870 to GBX 885 in a research report on Monday, July 27th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 968.

Standard Life Trading Up 2.6%

The company has a market cap of £9.49 billion and a P/E ratio of -20.10. The business’s 50-day moving average is GBX 902.77.

Standard Life (LON:SDLF) last announced its earnings results on Monday, September 7th. The company reported GBX (20.30) earnings per share for the quarter.

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.