Standard Life Inv Prop Inc Trust Receives Market Perform Rating from Sanford C. Bernstein (SLI)
Standard Life Inv Prop Inc Trust (LON:SLI)‘s stock had its “market perform” rating reiterated by analysts at Sanford C. Bernstein in a research report issued to clients and investors on Wednesday. They currently have a GBX 380 ($6.39) target price on the stock. Sanford C. Bernstein’s price target would suggest a potential upside of 415.25% from the stock’s previous close.
Shares of Standard Life Inv Prop Inc Trust (LON:SLI) opened at 74.05 on Wednesday. Standard Life Inv Prop Inc Trust has a 1-year low of GBX 54.395 and a 1-year high of GBX 76.75. The stock’s 50-day moving average is GBX 0.73 and its 200-day moving average is GBX 0.71.
The company also recently declared a dividend, which is scheduled for Friday, May 23rd. Shareholders of record on Wednesday, May 7th will be given a dividend of GBX 1.16 ($0.02) per share. This represents a yield of 1.52%. The ex-dividend date of this dividend is Wednesday, May 7th.
Several other analysts have also recently commented on the stock. Analysts at Nomura reiterated a “neutral” rating on shares of Standard Life Inv Prop Inc Trust in a research note on Wednesday, May 7th. They now have a GBX 390 ($6.56) price target on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Standard Life Inv Prop Inc Trust in a research note on Thursday, May 1st. They now have a GBX 428 ($7.20) price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Standard Life Inv Prop Inc Trust in a research note on Wednesday, April 30th. They now have a GBX 454 ($7.64) price target on the stock. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of GBX 382.60 ($6.44).
Standard Life Investments Property Income Trust Limited is a closed ended investment company. The Company’s investment objective is to provide a level of income, along with the prospect of income and capital growth, by investing in a diversified the United Kingdom commercial property portfolio.
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