Standard Life (LON:SDLF) Hits New 1-Year High – Here’s What Happened

Standard Life (LON:SDLF) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 865 and last traded at GBX 857.70, with a volume of 1732559 shares traded. The stock had previously closed at GBX 856.50.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. lifted their target price on shares of Standard Life from GBX 950 to GBX 975 and gave the company an “overweight” rating in a research note on Monday, June 22nd. Citigroup lifted their price objective on Standard Life from GBX 769 to GBX 840 and gave the company a “buy” rating in a research report on Friday, April 17th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 870 target price on shares of Standard Life in a research report on Monday, May 18th. Finally, Berenberg Bank raised their price target on Standard Life from GBX 918 to GBX 975 and gave the stock a “buy” rating in a research note on Thursday, June 18th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of GBX 915.

Standard Life Price Performance

The firm has a fifty day simple moving average of GBX 788.36. The stock has a market capitalization of £8.52 billion and a price-to-earnings ratio of -18.05.

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.