Standard Life Plc Upgraded to “Neutral” at Nomura (SL)
Standard Life Plc (LON:SL) was upgraded by Nomura from a “reduce” rating to a “neutral” rating in a research note issued on Thursday, StockRatingsNetwork reports. The firm currently has a GBX 375 ($6.28) price target on the stock, up from their previous price target of GBX 337 ($5.65). Nomura’s price objective indicates a potential downside of 3.20% from the stock’s previous close.
Standard Life Plc (LON:SL) traded down 0.33% during mid-day trading on Thursday, hitting GBX 387.40. 5,610,740 shares of the company’s stock traded hands. Standard Life Plc 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 376.8 and a 200-day moving average of GBX 356.8. The company’s market cap is £9.203 billion.
A number of other analysts have also recently weighed in on SL. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Standard Life Plc in a research note on Monday, February 17th. They now have a GBX 400 ($6.70) price target on the stock. Separately, analysts at Sanford C. Bernstein reiterated an “underperform” rating on shares of Standard Life Plc in a research note on Thursday, February 6th. They now have a GBX 330 ($5.53) price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Standard Life Plc in a research note on Thursday, February 6th. They now have a GBX 427 ($7.16) price target on the stock. Six research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the company. Standard Life Plc currently has an average rating of “Hold” and a consensus price target of GBX 504.37 ($8.45).
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