Barclays PLC Upgrades Standard Life Plc (SL) to Overweight
Standard Life Plc (LON:SL) was upgraded by equities research analysts at Barclays PLC to an “overweight” rating in a report released on Tuesday, StockTargetPrices.com reports. The brokerage currently has a GBX 510 ($6.62) target price on the stock, up from their prior target price of GBX 343 ($4.45). Barclays PLC’s price objective would indicate a potential upside of 24.15% from the stock’s previous close.
Other equities research analysts have also recently issued research reports about the stock. Numis Securities Ltd reissued an “add” rating and set a GBX 465 ($6.04) target price on shares of Standard Life Plc in a report on Monday, July 17th. HSBC Holdings plc raised shares of Standard Life Plc to a “buy” rating and boosted their target price for the company from GBX 400 ($5.19) to GBX 460 ($5.97) in a report on Friday, July 14th. Jefferies Group LLC boosted their target price on shares of Standard Life Plc from GBX 398 ($5.17) to GBX 411 ($5.34) and gave the company a “hold” rating in a report on Tuesday, July 11th. Deutsche Bank AG boosted their target price on shares of Standard Life Plc from GBX 400 ($5.19) to GBX 420 ($5.45) and gave the company a “hold” rating in a report on Tuesday, June 27th. Finally, Shore Capital reissued a “hold” rating on shares of Standard Life Plc in a report on Wednesday, May 10th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of GBX 430.40 ($5.59).
Standard Life Plc (SL) opened at 410.80 on Tuesday. Standard Life Plc has a 1-year low of GBX 322.76 and a 1-year high of GBX 447.60. The firm’s 50-day moving average price is GBX 419.18 and its 200-day moving average price is GBX 384.14. The company’s market cap is GBX 8.09 billion.
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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