Standard Life (LON:SDLF) Sets New 52-Week High After Analyst Upgrade

Standard Life (LON:SDLFGet Free Report)’s share price reached a new 52-week high during trading on Tuesday after Royal Bank Of Canada upgraded the stock to a sector perform rating. Royal Bank Of Canada now has a GBX 885 price target on the stock, up from their previous price target of GBX 870. Standard Life traded as high as GBX 921 and last traded at GBX 913, with a volume of 1909458 shares traded. The stock had previously closed at GBX 916.50.

A number of other brokerages have also recently weighed in on SDLF. Berenberg Bank increased their target price on shares of Standard Life from GBX 975 to GBX 1,072 and gave the stock a “buy” rating in a report on Thursday, July 23rd. JPMorgan Chase & Co. lifted their price target on shares of Standard Life from GBX 950 to GBX 975 and gave the company an “overweight” rating in a report on Monday, June 22nd. Finally, Citigroup boosted their price objective on shares of Standard Life from GBX 769 to GBX 840 and gave the company a “buy” rating in a research report on Friday, April 17th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Standard Life has a consensus rating of “Moderate Buy” and an average price target of GBX 943.

Read Our Latest Stock Analysis on SDLF

Standard Life Price Performance

The business has a 50 day simple moving average of GBX 825.83. The company has a market cap of £9.15 billion and a PE ratio of -19.38.

About Standard Life

(Get Free Report)

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.

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