Standard Life (LON:SDLF) Price Target Raised to GBX 975

Standard Life (LON:SDLF) had its price objective increased by investment analysts at Berenberg Bank from GBX 918 to GBX 975 in a report issued on Thursday,Digital Look reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s target price suggests a potential upside of 21.80% from the company’s previous close.

Several other analysts also recently commented on SDLF. JPMorgan Chase & Co. increased their price objective on Standard Life from GBX 620 to GBX 950 and gave the stock an “overweight” rating in a research note on Friday, May 15th. Citigroup boosted their target price on Standard Life from GBX 769 to GBX 840 and gave the stock a “buy” rating in a research note on Friday, April 17th. 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 research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of GBX 908.75.

Standard Life Trading Up 0.6%

Shares of Standard Life stock opened at GBX 800.50 on Thursday. The stock has a market capitalization of £8.02 billion and a P/E ratio of -17.00. Standard Life has a 52 week low of GBX 633.50 and a 52 week high of GBX 805. The business has a 50 day moving average of GBX 762.44.

Standard Life (LON:SDLF) last issued its quarterly earnings data on Monday, March 16th. The company reported GBX 54.30 EPS for the quarter.

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.