Standard Life (LON:SDLF) Hits New 12-Month High – What’s Next?

Standard Life (LON:SDLF) shares hit a new 52-week high on Thursday . The company traded as high as GBX 842.50 and last traded at GBX 841.50, with a volume of 796818 shares trading hands. The stock had previously closed at GBX 834.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. boosted their price target on shares of Standard Life from GBX 950 to GBX 975 and gave the stock an “overweight” rating in a research note on Monday, June 22nd. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 870 price objective on shares of Standard Life in a report on Monday, May 18th. Berenberg Bank upped their target price on shares of Standard Life from GBX 918 to GBX 975 and gave the stock a “buy” rating in a research report on Thursday, June 18th. Finally, Citigroup increased their target price on Standard Life from GBX 769 to GBX 840 and gave the company a “buy” rating in a research note on Friday, April 17th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of GBX 915.

Standard Life Stock Up 0.8%

The stock’s 50-day moving average is GBX 782.47. The firm has a market cap of £8.42 billion and a price-to-earnings ratio of -17.85.

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.