JPMorgan Chase & Co. Reiterates “Overweight” Rating for Standard Life (SL)
Standard Life (LON:SL)‘s stock had its “overweight” rating restated by equities researchers at JPMorgan Chase & Co. in a research report issued on Tuesday, AmericanBankingNews.com reports.
Standard Life (LON:SL) traded up 1.62% on Tuesday, hitting GBX 390.10. The stock had a trading volume of 3,279,164 shares. Standard Life has a 52 week low of GBX 322.60 and a 52 week high of GBX 437.40. The stock’s 50-day moving average is GBX 358.3 and its 200-day moving average is GBX 356.. The company’s market cap is £9.267 billion.
SL has been the subject of a number of other recent research reports. 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, January 17th. They now have a “sell” rating on the stock. Separately, 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). Finally, analysts at Citigroup Inc. cut their price target on shares of Standard Life from GBX 376 ($6.17) to GBX 360 ($5.91) in a research note to investors on Monday, January 13th. They now have a “neutral” rating on the stock. Nine research analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of GBX 503.24 ($8.26).
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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