Standard Life (LON:SDLF) Issues Quarterly Earnings Results

Standard Life (LON:SDLF) released its earnings results on Monday. The company reported GBX (20.30) earnings per share (EPS) for the quarter, Digital Look Earnings reports.

Standard Life Trading Up 3.6%

LON SDLF opened at GBX 956 on Monday. The company has a market cap of £9.58 billion and a P/E ratio of -20.30. Standard Life has a 1 year low of GBX 633.50 and a 1 year high of GBX 956. The business’s fifty day moving average price is GBX 902.77.

Wall Street Analyst Weigh In

Several brokerages have weighed in on SDLF. Royal Bank Of Canada raised Standard Life to a “sector perform” rating and upped their target price for the stock from GBX 870 to GBX 885 in a research report on Monday, July 27th. JPMorgan Chase & Co. increased their price objective on Standard Life from GBX 975 to GBX 1,075 and gave the stock an “overweight” rating in a report on Thursday, August 13th. Finally, Berenberg Bank lifted 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. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.