Barclays PLC Downgrades Standard Life Plc (SL) to Underweight
Standard Life Plc (LON:SL) was downgraded by equities research analysts at Barclays PLC to an “underweight” rating in a research note issued on Thursday. They currently have a GBX 301 ($3.73) target price on the stock, down from their prior target price of GBX 315 ($3.90). Barclays PLC’s target price points to a potential downside of 13.73% from the stock’s current price.
Several other research firms have also issued reports on SL. Goldman Sachs Group Inc. lifted their price target on shares of Standard Life Plc from GBX 350 ($4.33) to GBX 365 ($4.52) and gave the stock a “neutral” rating in a report on Wednesday, August 17th. Jefferies Group lifted their price objective on shares of Standard Life Plc from GBX 388 ($4.80) to GBX 391 ($4.84) and gave the stock a “buy” rating in a research note on Thursday, September 22nd. Canaccord Genuity reiterated a “buy” rating and set a GBX 400 ($4.95) price objective (up from GBX 320 ($3.96)) on shares of Standard Life Plc in a research note on Thursday, August 11th. Morgan Stanley lowered their price objective on shares of Standard Life Plc from GBX 368 ($4.55) to GBX 344 ($4.26) and set an “equal weight” rating for the company in a research note on Thursday, August 11th. Finally, Shore Capital reiterated a “hold” rating on shares of Standard Life Plc in a research note on Friday, June 24th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the stock. Standard Life Plc presently has an average rating of “Hold” and an average price target of GBX 379.81 ($4.70).
Standard Life Plc (LON:SL) opened at 332.70 on Thursday. The company’s market capitalization is GBX 6.56 billion. The stock’s 50 day moving average price is GBX 352.14 and its 200 day moving average price is GBX 328.86. Standard Life Plc has a 12-month low of GBX 248.20 and a 12-month high of GBX 428.30.
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Standard Life Plc Company Profile
Standard Life plc is a United Kingdom-based investment company. The Company operates through four segments: Standard Life Investments, UK and Europe, India and China, and Other. The Standard Life Investments segment provides a range of investment products for individuals and institutional customers through various investment vehicles.
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