Standard Life (LON:SDLF) Reaches New 12-Month High – Here’s What Happened

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

Analyst Ratings Changes

Several equities analysts have recently commented on the company. JPMorgan Chase & Co. increased their price objective on 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 upped their target price on Standard Life from GBX 975 to GBX 1,072 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Finally, Royal Bank Of Canada upgraded shares of Standard Life to a “sector perform” rating and increased their price target for the company from GBX 870 to GBX 885 in a research report on Monday, July 27th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 968.

Standard Life Stock Up 2.6%

The firm has a fifty day moving average price of GBX 902.77. The stock has a market cap of £9.49 billion and a P/E ratio of -20.10.

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