Standard Life (LON:SDLF) Hits New 1-Year High on Analyst Upgrade

Standard Life (LON:SDLF) shares hit a new 52-week high on Monday after JPMorgan Chase & Co. raised their price target on the stock from GBX 620 to GBX 950. JPMorgan Chase & Co. currently has an overweight rating on the stock. Standard Life traded as high as GBX 787 and last traded at GBX 785.20, with a volume of 26363625 shares. The stock had previously closed at GBX 772.18.

SDLF has been the subject of a number of other reports. Berenberg Bank lifted their price target on Standard Life from GBX 852 to GBX 918 and gave the stock a “buy” rating in a report on Thursday, February 5th. Royal Bank Of Canada raised shares of Standard Life to an “outperform” rating and boosted their price objective for the company from GBX 800 to GBX 870 in a research note on Tuesday, April 21st. Finally, Citigroup lifted their price target on Standard Life from GBX 769 to GBX 840 and gave the company a “buy” rating in a research note on Friday, April 17th. Four analysts have rated the stock with a Buy rating, According to MarketBeat.com, Standard Life currently has an average rating of “Buy” and an average price target of GBX 894.50.

Insider Buying and Selling at Standard Life

In other Standard Life news, insider Katie Murray acquired 7,350 shares of the firm’s stock in a transaction dated Monday, March 16th. The shares were acquired at an average price of GBX 675 per share, for a total transaction of £49,612.50. Over the last 90 days, insiders acquired 7,444 shares of company stock worth $5,013,546. Corporate insiders own 3.16% of the company’s stock.

Standard Life Stock Performance

The stock has a market cap of £7.87 billion and a price-to-earnings ratio of -16.67. The firm’s fifty day simple moving average is GBX 722.57.

Standard Life (LON:SDLF) last announced its quarterly earnings data on Monday, March 16th. The company reported GBX 54.30 earnings per share (EPS) for the quarter.

Standard Life Company Profile

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.