Standard Life (LON:SDLF) Reaches New 52-Week High – Still a Buy?

Standard Life (LON:SDLFGet Free Report) shares reached a new 52-week high on Tuesday . The stock traded as high as GBX 879.50 and last traded at GBX 872, with a volume of 1998630 shares. The stock had previously closed at GBX 868.50.

Wall Street Analysts Forecast Growth

Several research firms have commented on SDLF. 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. Berenberg Bank increased their price target on shares of Standard Life from GBX 918 to GBX 975 and gave the stock a “buy” rating in a research report on Thursday, June 18th. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 870 price target on shares of Standard Life in a research report on Monday, May 18th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Standard Life from GBX 950 to GBX 975 and gave the company an “overweight” rating in a research report on Monday, June 22nd. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Standard Life currently has an average rating of “Buy” and an average target price of GBX 915.

Get Our Latest Stock Report on Standard Life

Standard Life Stock Performance

The firm has a market capitalization of £8.71 billion and a PE ratio of -18.46. The stock has a 50 day moving average price of GBX 797.29.

About Standard Life

(Get Free Report)

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.

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