Standard Life (LON:SDLF) Shares Cross Above 50-Day Moving Average – Here’s What Happened

Shares of Standard Life (LON:SDLF) passed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of GBX 908.23 and traded as high as GBX 924. Standard Life shares last traded at GBX 916.50, with a volume of 129,846,773 shares traded.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. raised 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. Berenberg Bank reiterated a “buy” rating and issued a GBX 1,072 target price on shares of Standard Life in a research note on Monday, September 14th. Finally, Royal Bank Of Canada increased their target price on Standard Life from GBX 885 to GBX 970 and gave the stock a “sector perform” rating in a research report on Wednesday, September 23rd. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 989.25.

Standard Life Stock Up 0.4%

The firm has a market cap of £9.28 billion and a price-to-earnings ratio of -18.81. The business has a 50 day moving average price of GBX 908.31 and a 200-day moving average price of GBX 834.25.

Standard Life (LON:SDLF) last released its quarterly earnings results on Monday, September 7th. The company reported GBX (20.30) earnings per share (EPS) for the quarter.

Insider Transactions at Standard Life

In related news, insider Sherry Coutu purchased 2,211 shares of the business’s stock in a transaction that occurred on Monday, September 28th. The shares were acquired at an average price of GBX 900 per share, with a total value of £19,899. 3.17% of the stock is owned by corporate insiders.

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.