J P Morgan Chase & Co Begins Coverage on Standard Life Plc (SLA)
Research analysts at J P Morgan Chase & Co assumed coverage on shares of Standard Life Plc (LON:SLA) in a research note issued to investors on Thursday. The brokerage set an “overweight” rating and a GBX 540 ($6.97) price target on the stock. J P Morgan Chase & Co’s price objective would suggest a potential upside of 29.28% from the company’s current price.
Other equities research analysts also recently issued reports about the company. Numis Securities Ltd reaffirmed an “add” rating and set a GBX 465 ($6.01) price objective on shares of Standard Life Plc in a report on Tuesday, August 8th. Citigroup Inc. upgraded shares of Standard Life Plc to a “buy” rating and lifted their target price for the company from GBX 370 ($4.78) to GBX 490 ($6.33) in a research note on Friday, August 25th. Finally, Barclays PLC upgraded shares of Standard Life Plc to an “overweight” rating and lifted their target price for the company from GBX 343 ($4.43) to GBX 510 ($6.59) in a research note on Tuesday, August 15th.
Standard Life Plc (LON SLA) traded down 1.01% during mid-day trading on Thursday, reaching GBX 413.50. The company had a trading volume of 4,547,515 shares. The company’s 50 day moving average is GBX 431.70 and its 200 day moving average is GBX 393.05. Standard Life Plc has a 52-week low of GBX 322.76 and a 52-week high of GBX 447.60. The stock’s market capitalization is GBX 12.31 billion.
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