Standard Life (LON:SDLF) Announces Earnings Results

Standard Life (LON:SDLF) released its quarterly earnings data on Monday. The company reported GBX 54.30 earnings per share (EPS) for the quarter, Digital Look Earnings reports.

Standard Life Stock Down 2.5%

Shares of LON:SDLF opened at GBX 677 on Monday. Standard Life has a 1-year low of GBX 666 and a 1-year high of GBX 752. The firm has a market cap of £6.78 billion and a P/E ratio of -10.68.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on SDLF shares. Berenberg Bank lifted their target price on Standard Life from GBX 852 to GBX 918 and gave the stock a “buy” rating in a research report on Thursday, February 5th. JPMorgan Chase & Co. upped their target price on Standard Life from GBX 605 to GBX 620 and gave the company an “underweight” rating in a research report on Thursday, February 5th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of GBX 769.

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.