Standard Life (LON:SDLF) Hits New 1-Year High – What’s Next?

Standard Life (LON:SDLF)’s share price hit 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.

Wall Street Analysts Forecast Growth

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

Standard Life Stock Performance

The firm has a market cap of £7.96 billion and a price-to-earnings ratio of -16.87. The firm has a 50 day moving average price of GBX 733.96.

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

Insider Buying and Selling at Standard Life

In other Standard Life news, insider Katie Murray purchased 7,350 shares of the company’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. Insiders bought a total of 7,444 shares of company stock worth $5,013,546 in the last 90 days. 3.16% of the stock is currently owned by insiders.

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.