Standard Life (LON:SDLF – Get Free Report) posted its quarterly earnings results on Monday. The company reported GBX (20.30) EPS for the quarter, Digital Look Earnings reports.
Standard Life Trading Up 3.7%
Standard Life stock traded up GBX 34 during mid-day trading on Monday, reaching GBX 956.50. 2,796,005 shares of the company’s stock were exchanged, compared to its average volume of 28,904,477. Standard Life has a twelve month low of GBX 633.50 and a twelve month high of GBX 960. The stock’s fifty day simple moving average is GBX 902.77. The firm has a market capitalization of £9.59 billion and a P/E ratio of -20.31.
Analysts Set New Price Targets
A number of research analysts have commented on the stock. 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 report on Thursday, July 23rd. Royal Bank Of Canada raised Standard Life to a “sector perform” rating and raised their target price for the stock from GBX 870 to GBX 885 in a report on Monday, July 27th. Finally, JPMorgan Chase & Co. lifted their price target on Standard Life from GBX 975 to GBX 1,075 and gave the company an “overweight” rating in a research note on Thursday, August 13th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock 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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