Standard Life Plc (LON:SL) Stock Rating Upgraded by HSBC Holdings plc
Standard Life Plc (LON:SL) was upgraded by investment analysts at HSBC Holdings plc to a “buy” rating in a note issued to investors on Friday. The brokerage presently has a GBX 460 ($5.96) target price on the stock, up from their previous target price of GBX 400 ($5.18). HSBC Holdings plc’s price objective indicates a potential upside of 10.98% from the company’s current price.
Several other equities research analysts have also recently issued reports on SL. Jefferies Group LLC lifted their price objective on Standard Life Plc from GBX 398 ($5.16) to GBX 411 ($5.32) and gave the stock a “hold” rating in a report on Tuesday, July 11th. Deutsche Bank AG restated a “hold” rating and set a GBX 400 ($5.18) target price on shares of Standard Life Plc in a report on Tuesday, May 30th. Macquarie restated an “outperform” rating and set a GBX 435 ($5.63) target price on shares of Standard Life Plc in a report on Monday, May 8th. Barclays PLC restated an “underweight” rating and set a GBX 344 ($4.46) target price on shares of Standard Life Plc in a report on Wednesday, June 28th. Finally, Berenberg Bank restated a “hold” rating and set a GBX 400 ($5.18) target price on shares of Standard Life Plc in a report on Tuesday, April 25th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of GBX 403 ($5.22).
Shares of Standard Life Plc (LON SL) traded up 0.88% during trading on Friday, reaching GBX 414.50. The company had a trading volume of 4,479,615 shares. Standard Life Plc has a 52 week low of GBX 258.80 and a 52 week high of GBX 416.70. The company’s market capitalization is GBX 8.20 billion. The stock’s 50-day moving average price is GBX 387.93 and its 200-day moving average price is GBX 370.41.
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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, which include Standard Life Investments, Pensions and Savings, 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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