Analysts Set Standard Life Equity Income Trust Plc (LON:SLET) Price Target at $417.50
Standard Life Equity Income Trust Plc (LON:SLET) has been given an average rating of “Hold” by the nine analysts that are presently covering the stock. Two analysts have rated the stock with a sell recommendation, three have given a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is GBX 417.50 ($5.45).
Separately, Peel Hunt reiterated an “outperform” rating on shares of Standard Life Equity Income Trust Plc in a report on Thursday.
In other news, insider Burns,Richard purchased 8,000 shares of the stock in a transaction on Friday, September 2nd. The stock was purchased at an average price of GBX 409 ($5.34) per share, for a total transaction of £32,720 ($42,709.83).
Standard Life Equity Income Trust Plc (LON:SLET) opened at 409.75 on Thursday. Standard Life Equity Income Trust Plc has a one year low of GBX 3.66 and a one year high of GBX 414.77. The company’s 50-day moving average is GBX 4.25 and its 200 day moving average is GBX 4.16.
The company also recently declared a dividend, which was paid on Friday, September 23rd. Shareholders of record on Thursday, September 1st were issued a dividend of GBX 3.60 ($0.05) per share. This is a positive change from Standard Life Equity Income Trust Plc’s previous dividend of $3.40. The ex-dividend date was Thursday, September 1st. This represents a yield of 0.88%.
About Standard Life Equity Income Trust Plc
Standard Life Equity Income Trust PLC is an investment company. The Company’s objective is to provide shareholders with an above average income from their equity investment while also providing real growth in capital and income. The Company invests in a diversified portfolio consisting mainly of quoted United Kingdom equities.
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