Standard Life Plc’s “Buy” Rating Reaffirmed at Panmure Gordon (SL)
Standard Life Plc (LON:SL)‘s stock had its “buy” rating reissued by equities researchers at Panmure Gordon in a research report issued on Thursday. They currently have a GBX 420 ($6.97) price target on the stock. Panmure Gordon’s price target would suggest a potential upside of 8.78% from the stock’s previous close.
Shares of Standard Life Plc (LON:SL) traded up 8.05% during mid-day trading on Thursday, hitting GBX 417.20. The stock had a trading volume of 21,872,206 shares. Standard Life Plc has a 52-week low of GBX 330.90 and a 52-week 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.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank raised their price target on shares of Standard Life Plc from GBX 428 ($7.10) to GBX 455 ($7.55) in a research note on Thursday. They now have a “buy” rating on the stock. Separately, 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. Finally, 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 analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price 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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