Standard Life Plc Upgraded to “Neutral” at Goldman Sachs (SL)
Standard Life Plc (LON:SL) was upgraded by analysts at Goldman Sachs to a “neutral” rating in a research report issued to clients and investors on Thursday, Analyst Ratings Network reports. The firm currently has a GBX 375 ($6.30) price objective on the stock, up from their previous price objective of GBX 335 ($5.63). Goldman Sachs’ price target indicates a potential downside of 0.58% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Berenberg Bank raised their price target on shares of Standard Life Plc from GBX 333 ($5.59) to GBX 370 ($6.21) in a research note on Thursday, April 17th. They now have a “hold” rating on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Standard Life Plc in a research note on Friday, April 11th. They now have a GBX 454 ($7.63) price target on the stock. Finally, analysts at Societe Generale reiterated a “sell” rating on shares of Standard Life Plc in a research note on Monday, March 31st. They now have a GBX 320 ($5.37) price target on the stock. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of GBX 470.26 ($7.90).
Shares of Standard Life Plc (LON:SL) traded down 1.62% on Thursday, hitting GBX 377.20. 3,006,693 shares of the company’s stock traded hands. Standard Life Plc has a 52-week low of GBX 330.90 and a 52-week high of GBX 437.40. The stock’s 50-day moving average is GBX 376.1 and its 200-day moving average is GBX 365.5. The company’s market cap is £8.953 billion.
Standard Life plc is a long term savings and investments company. The Company operates in four segments: UK and Europe, Standard Life Investment, Canada, Asia and Emerging Markets and Other.
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