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

Standard Life (LON:SDLF)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as GBX 910.65 and last traded at GBX 910, with a volume of 1002926 shares traded. The stock had previously closed at GBX 900.

Wall Street Analyst Weigh In

Several analysts have recently commented on SDLF shares. Berenberg Bank upped their price objective on shares of Standard Life from GBX 975 to GBX 1,072 and gave the company a “buy” rating in a report on Thursday. Citigroup upped their price target on shares of Standard Life from GBX 769 to GBX 840 and gave the company a “buy” rating in a report on Friday, April 17th. JPMorgan Chase & Co. lifted their price objective on Standard Life from GBX 950 to GBX 975 and gave the company an “overweight” rating in a research note on Monday, June 22nd. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a GBX 870 target price on shares of Standard Life in a research note on Monday, May 18th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of GBX 939.25.

Standard Life Stock Up 1.0%

The company has a market cap of £9.17 billion and a P/E ratio of -19.44. The business has a 50-day simple moving average of GBX 820.34.

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.