Standard Life (LON:SDLF) Hits New 12-Month High – What’s Next?

Standard Life (LON:SDLF) shares reached a new 52-week high on Thursday . The stock traded as high as GBX 842.50 and last traded at GBX 841.50, with a volume of 796818 shares traded. The stock had previously closed at GBX 834.

Wall Street Analyst Weigh In

A number of analysts recently commented on SDLF shares. JPMorgan Chase & Co. upped their price target 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 boosted their target price 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. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 870 price target on shares of Standard Life in a report on Monday, May 18th. Finally, Berenberg Bank lifted their price target on Standard Life from GBX 918 to GBX 975 and gave the company a “buy” rating in a research report on Thursday, June 18th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Standard Life currently has a consensus rating of “Buy” and a consensus price target of GBX 915.

Standard Life Trading Up 0.8%

The firm has a market cap of £8.42 billion and a P/E ratio of -17.85. The company has a 50-day simple moving average of GBX 782.47.

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.