JPMorgan Chase & Co. Issues Positive Forecast for Standard Life (LON:SDLF) Stock Price

Standard Life (LON:SDLF) had its price target upped by research analysts at JPMorgan Chase & Co. from GBX 975 to GBX 1,075 in a report released on Thursday,London Stock Exchange reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 17.17% from the company’s current price.

Several other research analysts also recently weighed in on SDLF. Berenberg Bank boosted 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. Citigroup raised their price target on shares of 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 upgraded shares of Standard Life to a “sector perform” rating and lifted their price target for the stock from GBX 870 to GBX 885 in a report on Monday, July 27th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 968.

Standard Life Stock Performance

Shares of LON SDLF opened at GBX 917.50 on Thursday. The company has a 50-day simple moving average of GBX 859.12. Standard Life has a 52 week low of GBX 633.50 and a 52 week high of GBX 948.50. The firm has a market cap of £9.19 billion and a PE ratio of -19.48.

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.