Standard Life (LON:SDLF – Get Free Report) shares hit a new 52-week high during mid-day 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 changing hands. The stock had previously closed at GBX 916.50.
SDLF has been the topic of several other research reports. JPMorgan Chase & Co. boosted their target price on shares of Standard Life from GBX 950 to GBX 975 and gave the stock an “overweight” rating in a report on Monday, June 22nd. Berenberg Bank raised their target price on shares of Standard Life from GBX 975 to GBX 1,072 and gave the company a “buy” rating in a research note on Thursday, July 23rd. Finally, Citigroup lifted 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. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 943.
Read Our Latest Analysis on Standard Life
Standard Life Stock Down 0.9%
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.
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