Standard Life (LON:SDLF) Sets New 12-Month High – Still a Buy?

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

Analyst Ratings Changes

SDLF has been the subject of a number of recent research reports. Royal Bank Of Canada restated an “outperform” rating and set a GBX 870 price target on shares of Standard Life in a research note on Monday, May 18th. JPMorgan Chase & Co. increased their price objective on shares of Standard Life from GBX 950 to GBX 975 and gave the stock an “overweight” rating in a research note on Monday, June 22nd. Berenberg Bank raised their price objective 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. Finally, Citigroup boosted their target price 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. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of GBX 915.

Check Out Our Latest Report on Standard Life

Standard Life Price Performance

The company has a market cap of £9.12 billion and a P/E ratio of -19.32. The stock’s 50-day simple moving average 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

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