Standard Life (LON:SDLF) Price Target Raised to GBX 975

Standard Life (LON:SDLF) had its price target boosted by stock analysts at Berenberg Bank from GBX 918 to GBX 975 in a report released on Thursday,Digital Look reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price objective would indicate a potential upside of 21.80% from the stock’s current price.

Several other research analysts have also issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of Standard Life from GBX 620 to GBX 950 and gave the stock an “overweight” rating in a research report on Friday, May 15th. Citigroup upped their target price on shares of Standard Life from GBX 769 to GBX 840 and gave the stock a “buy” rating in a research report on Friday, April 17th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 870 target price on shares of Standard Life in a research report on Monday, May 18th. Four analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy” and an average target price of GBX 908.75.

Standard Life Price Performance

SDLF opened at GBX 800.50 on Thursday. The firm’s fifty day moving average price is GBX 762.44. The stock has a market cap of £8.02 billion and a price-to-earnings ratio of -17.00. Standard Life has a one year low of GBX 633.50 and a one year high of GBX 805.

Standard Life (LON:SDLF) last released its quarterly earnings results on Monday, March 16th. The company reported GBX 54.30 EPS for the quarter.

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.