Standard Life Plc (SL) Price Target Cut to GBX 403
Standard Life Plc (LON:SL) had its price target reduced by analysts at Jefferies Group from GBX 409 ($5.92) to GBX 403 ($5.83) in a research report issued on Friday. The firm currently has a “buy” rating on the stock. Jefferies Group’s price target would suggest a potential upside of 17.87% from the company’s previous close.
Other equities research analysts have also issued research reports about the stock. Canaccord Genuity reaffirmed a “buy” rating and set a GBX 435 ($6.29) target price on shares of Standard Life Plc in a research note on Friday, February 19th. Berenberg Bank cut their target price on shares of Standard Life Plc from GBX 400 ($5.79) to GBX 377 ($5.46) and set a “buy” rating on the stock in a research note on Tuesday, February 16th. Deutsche Bank cut their target price on shares of Standard Life Plc from GBX 435 ($6.29) to GBX 415 ($6.00) and set a “buy” rating on the stock in a research note on Monday, February 15th. Panmure Gordon reaffirmed a “buy” rating and set a GBX 433 ($6.27) target price on shares of Standard Life Plc in a research note on Thursday, February 11th. Finally, HSBC reaffirmed a “buy” rating and set a GBX 490 ($7.09) target price on shares of Standard Life Plc in a research note on Monday, March 21st. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company. Standard Life Plc has a consensus rating of “Hold” and a consensus target price of GBX 414.27 ($5.99).
Shares of Standard Life Plc (LON:SL) opened at 341.2000 on Friday. Standard Life Plc has a 1-year low of GBX 309.58 and a 1-year high of GBX 496.90. The firm has a 50 day moving average price of GBX 332.41 and a 200 day moving average price of GBX 359.76. The firm’s market cap is GBX 6.72 billion.
In other Standard Life Plc news, insider Parry,Kevin A. H bought 5,931 shares of Standard Life Plc stock in a transaction on Wednesday, March 30th. The stock was acquired at an average cost of GBX 357 ($5.17) per share, with a total value of £21,173.67 ($30,637.64). Also, insider Matthews,Paul sold 21,557 shares of the company’s stock in a transaction that occurred on Thursday, March 31st. The shares were sold at an average price of GBX 353 ($5.11), for a total transaction of £76,096.21 ($110,108.83).
Standard Life plc is a United Kingdom-based long-term investment savings company. The Company operates through four segments: Standard Life Investments, which provides a range of investment products for individuals and institutional customers through a number of different investment vehicles; UK and Europe, which provides a range of long-term, savings and investment products to individual and corporate customers in the United Kingdom, Germany, Austria and Ireland; Asia and Emerging Markets, which offers a range of savings and investment products and include wholly owned operations in Hong Kong and Singapore and investments in joint ventures in India and China, and Other, which includes the group corporate center and related activities.