Standard Life (LON:SDLF) Hits New 52-Week High – Should You Buy?

Standard Life (LON:SDLF)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as GBX 798 and last traded at GBX 794.50, with a volume of 5359297 shares. The stock had previously closed at GBX 788.27.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Berenberg Bank raised their price target on shares of Standard Life from GBX 852 to GBX 918 and gave the stock a “buy” rating in a research report on Thursday, February 5th. JPMorgan Chase & Co. raised their target price on shares of Standard Life from GBX 620 to GBX 950 and gave the company an “overweight” rating in a report on Friday, May 15th. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 870 target price on shares of Standard Life in a report on Monday, May 18th. Finally, Citigroup raised their target price on shares of Standard Life from GBX 769 to GBX 840 and gave the company a “buy” rating in a report on Friday, April 17th. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of GBX 894.50.

Standard Life Stock Up 0.7%

The stock has a market capitalization of £7.95 billion and a PE ratio of -16.85. The stock’s fifty day moving average price is GBX 730.46.

Standard Life (LON:SDLF) last released its earnings results on Monday, March 16th. The company reported GBX 54.30 EPS for the quarter.

Insider Buying and Selling at Standard Life

In related news, insider Katie Murray purchased 7,350 shares of Standard Life stock in a transaction dated Monday, March 16th. The shares were bought at an average cost of GBX 675 per share, for a total transaction of £49,612.50. In the last 90 days, insiders have purchased 7,444 shares of company stock valued at $5,013,546. Company insiders own 3.16% of the company’s stock.

About Standard Life

Standard Life is a long-established provider of retirement, savings and investment products, historically known for life assurance, pensions and asset management. Its offerings have included workplace and personal pension plans, individual savings accounts (ISAs), annuities and a range of investment funds and wealth-management services aimed at both individual and institutional clients. The firm has traditionally distributed products through financial advisers, workplace channels and direct platforms.

Founded in 1825 and historically headquartered in Edinburgh, Standard Life built a strong presence in the U.K.