Standard Life Price Target Raised to GBX 335 at Goldman Sachs Group Inc. (SL)
Equities research analysts at Goldman Sachs Group Inc. increased their price target on shares of Standard Life (LON:SL) from GBX 320 ($5.27) to GBX 335 ($5.52) in a research note issued to investors on Friday, Stock Ratings Network reports. The firm currently has a “sell” rating on the stock. Goldman Sachs Group Inc.’s price objective points to a potential downside of 12.30% from the company’s current price.
Standard Life (LON:SL) traded up 0.58% during mid-day trading on Friday, hitting GBX 384.20. 3,914,108 shares of the company’s stock traded hands. Standard Life has a 52 week low of GBX 322.60 and a 52 week high of GBX 437.40. The stock has a 50-day moving average of GBX 355.5 and a 200-day moving average of GBX 356.. The company’s market cap is £9.127 billion.
Several other analysts have also recently commented on the stock. Analysts at Credit Suisse upgraded shares of Standard Life to an “outperform” rating in a research note to investors on Wednesday. They now have a GBX 425 ($7.00) price target on the stock, up previously from GBX 362 ($5.97). Separately, analysts at Citigroup Inc. cut their price target on shares of Standard Life from GBX 376 ($6.20) to GBX 360 ($5.93) in a research note to investors on Monday. They now have a “neutral” rating on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Standard Life in a research note to investors on Tuesday, January 7th. They now have a GBX 430 ($7.09) price target on the stock. Eight analysts have rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of GBX 498.14 ($8.21).
Standard Life plc is a holding company engaged in providing long-term savings and investments. Its business segments are UK, Global Investment Management, Canada, International and Other.
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