Standard Life (LON:SDLF – Get Free Report) announced its quarterly earnings data on Monday. The company reported GBX (20.30) earnings per share for the quarter, Digital Look Earnings reports.
Standard Life Stock Up 0.9%
Shares of LON SDLF traded up GBX 8.49 during midday trading on Friday, reaching GBX 919.49. 1,749,445 shares of the stock were exchanged, compared to its average volume of 28,097,494. The business’s 50-day moving average is GBX 912.73. The stock has a market capitalization of £9.21 billion and a P/E ratio of -19.52. Standard Life has a 12 month low of GBX 633.50 and a 12 month high of GBX 960.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently commented on SDLF shares. Berenberg Bank lifted their price target on shares of Standard Life from GBX 975 to GBX 1,072 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. JPMorgan Chase & Co. lifted their target price on shares of Standard Life from GBX 975 to GBX 1,075 and gave the stock an “overweight” rating in a report on Thursday, August 13th. Finally, Royal Bank Of Canada raised Standard Life to a “sector perform” rating and increased their price target for the company from GBX 870 to GBX 885 in a research note on Monday, July 27th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 968.
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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