Standard Life (LON:SDLF – Get Free Report) posted its quarterly earnings results on Monday. The company reported GBX (20.30) earnings per share (EPS) for the quarter, Digital Look Earnings reports.
Standard Life Stock Up 3.1%
Standard Life stock traded up GBX 28.50 during mid-day trading on Monday, hitting GBX 951. 2,241,411 shares of the company’s stock were exchanged, compared to its average volume of 28,900,211. The company has a 50 day moving average price of GBX 902.77. The firm has a market capitalization of £9.53 billion and a price-to-earnings ratio of -20.19. Standard Life has a fifty-two week low of GBX 633.50 and a fifty-two week high of GBX 960.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on SDLF. 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. Royal Bank Of Canada upgraded shares of Standard Life to a “sector perform” rating and increased their price objective for the company from GBX 870 to GBX 885 in a report on Monday, July 27th. Finally, JPMorgan Chase & Co. upped their price objective on Standard Life from GBX 975 to GBX 1,075 and gave the company an “overweight” rating in a report on Thursday, August 13th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Standard Life has a consensus rating of “Moderate Buy” and an average price target 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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