Deutsche Bank Increases Standard Life Plc Price Target to GBX 455 (SL)
Deutsche Bank increased their price objective on shares of Standard Life Plc (LON:SL) from GBX 428 ($7.10) to GBX 455 ($7.55) in a research note issued on Thursday. The firm currently has a “buy” rating on the stock. Deutsche Bank’s price objective indicates a potential upside of 9.06% from the company’s current price.
Standard Life Plc (LON:SL) traded up 8.05% during mid-day trading on Thursday, hitting GBX 417.20. 21,872,206 shares of the company’s stock traded hands. Standard Life Plc has a one year low of GBX 330.90 and a one year high of GBX 427.60. The stock has a 50-day moving average of GBX 376.0 and a 200-day moving average of GBX 380.9. The company’s market cap is £9.962 billion.
SL has been the subject of a number of other recent research reports. Analysts at Berenberg Bank reiterated a “hold” rating on shares of Standard Life Plc in a research note on Wednesday. They now have a GBX 370 ($6.14) price target on the stock. Separately, analysts at Credit Suisse cut their price target on shares of Standard Life Plc from GBX 425 ($7.05) to GBX 410 ($6.80) in a research note on Monday, August 11th. They now have an “outperform” rating on the stock. Two equities 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 company presently has an average rating of “Hold” and a consensus price target of GBX 486.24 ($8.07).
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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