Standard Life (LON:SDLF – Get Free Report) issued its earnings results on Monday. The company reported GBX (20.30) earnings per share for the quarter, Digital Look Earnings reports.
Standard Life Stock Performance
Standard Life stock traded up GBX 28.50 during mid-day trading on Monday, reaching GBX 951. 2,241,411 shares of the company were exchanged, compared to its average volume of 28,900,211. The firm has a market cap of £9.53 billion and a price-to-earnings ratio of -20.19. The firm’s fifty day moving average is GBX 902.77. Standard Life has a 12-month low of GBX 633.50 and a 12-month high of GBX 960.
Analysts Set New Price Targets
Several equities analysts have recently commented on the company. Royal Bank Of Canada upgraded Standard Life to a “sector perform” rating and raised their price target for the company from GBX 870 to GBX 885 in a research note on Monday, July 27th. 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. Finally, JPMorgan Chase & Co. raised their target price on shares of Standard Life from GBX 975 to GBX 1,075 and gave the company an “overweight” rating in a research report on Thursday, August 13th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of GBX 968.
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.
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