HSBC Reiterates Underweight Rating for Standard Life (SL)
Standard Life (LON:SL)‘s stock had its “underweight” rating restated by equities research analysts at HSBC in a research note issued to investors on Tuesday, Analyst Ratings Net reports. They currently have a GBX 340 ($5.58) price target on the stock. HSBC’s price objective indicates a potential downside of 11.04% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Standard Life in a research note to investors on Tuesday. Separately, analysts at Goldman Sachs Group Inc. raised their price target on shares of Standard Life from GBX 320 ($5.25) to GBX 335 ($5.50) in a research note to investors on Friday. They now have a “sell” rating on the stock. Finally, analysts at Credit Suisse upgraded shares of Standard Life to an “outperform” rating in a research note to investors on Wednesday, January 15th. They now have a GBX 425 ($6.98) price target on the stock, up previously from GBX 362 ($5.94). Nine research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the stock. Standard Life presently has a consensus rating of “Hold” and an average price target of GBX 493.41 ($8.10).
Shares of Standard Life (LON:SL) opened at 383.30 on Tuesday. 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 £9.106 billion.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.