Standard Life (LON:SDLF) Posts Earnings Results

Standard Life (LON:SDLF) announced its earnings results on Monday. The company reported GBX (20.30) earnings per share for the quarter, Digital Look Earnings reports.

Standard Life Stock Performance

Shares of LON:SDLF opened at GBX 953.50 on Monday. The firm has a fifty day simple moving average of GBX 902.77. Standard Life has a 52 week low of GBX 633.50 and a 52 week high of GBX 954.50. The stock has a market capitalization of £9.56 billion and a P/E ratio of -20.24.

Analyst Upgrades and Downgrades

A number of brokerages have commented on SDLF. JPMorgan Chase & Co. upped their price objective on shares of Standard Life from GBX 975 to GBX 1,075 and gave the stock an “overweight” rating in a research report on Thursday, August 13th. Berenberg Bank boosted their target price on Standard Life from GBX 975 to GBX 1,072 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Finally, Royal Bank Of Canada upgraded Standard Life to a “sector perform” rating and lifted their price target for the company from GBX 870 to GBX 885 in a research note on Monday, July 27th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the 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.

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.