Standard Life Price Target Cut to GBX 360 by Analysts at Citigroup Inc. (SL)
Investment analysts at Citigroup Inc. cut their price target on shares of Standard Life (LON:SL) from GBX 376 ($6.20) to GBX 360 ($5.93) in a note issued to investors on Monday, American Banking & Market News reports. The firm currently has a “neutral” rating on the stock. Citigroup Inc.’s price target indicates a potential downside of 5.76% from the stock’s previous close.
Shares of Standard Life (LON:SL) opened at 384.20 on Monday. Standard Life has a one year low of GBX 322.60 and a one year 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.
A number of other analysts have also recently weighed in on SL. 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. Separately, analysts at Goldman Sachs Group Inc. reiterated a “sell” rating on shares of Standard Life in a research note to investors on Tuesday, December 17th. They now have a GBX 320 ($5.27) price target on the stock. Finally, analysts at Deutsche Bank cut their price target on shares of Standard Life from GBX 425 ($7.00) to GBX 400 ($6.59) in a research note to investors on Monday, December 16th. They now have a “buy” rating on the stock. Eight equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price 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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