Standard Life (LON:SDLF) Posts Earnings Results

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

Standard Life Trading Down 0.8%

Shares of LON SDLF opened at GBX 943.50 on Tuesday. Standard Life has a twelve month low of GBX 633.50 and a twelve month high of GBX 960. The firm’s fifty day moving average price is GBX 905.23. The company has a market cap of £9.46 billion and a price-to-earnings ratio of -20.03.

Analyst Upgrades and Downgrades

Several analysts have issued reports on SDLF shares. Royal Bank Of Canada raised shares of Standard Life to a “sector perform” rating and raised their price objective for the stock from GBX 870 to GBX 885 in a research note on Monday, July 27th. JPMorgan Chase & Co. increased their price target 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 raised their price target on Standard Life from GBX 975 to GBX 1,072 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 968.

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.