Standard Life (LON:SDLF) Stock Price Expected to Rise, Berenberg Bank Analyst Says

Standard Life (LON:SDLFGet Free Report) had its price objective increased by analysts at Berenberg Bank from GBX 975 to GBX 1,072 in a note issued to investors on Thursday,Digital Look reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s target price would suggest a potential upside of 16.97% from the company’s current price.

A number of other equities analysts have also weighed in on SDLF. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 870 price objective on shares of Standard Life in a report on Monday, May 18th. Citigroup increased their target price on Standard Life from GBX 769 to GBX 840 and gave the company a “buy” rating in a research note on Friday, April 17th. Finally, JPMorgan Chase & Co. lifted their target price on Standard Life from GBX 950 to GBX 975 and gave the stock an “overweight” rating in a report on Monday, June 22nd. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of GBX 939.25.

Read Our Latest Stock Report on SDLF

Standard Life Trading Up 1.2%

Shares of LON SDLF opened at GBX 916.50 on Thursday. The business has a 50 day moving average price of GBX 823.22. Standard Life has a 52-week low of GBX 633.50 and a 52-week high of GBX 920.50. The company has a market capitalization of £9.18 billion and a P/E ratio of -19.46.

Standard Life Company Profile

(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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