Standard Life (LON:SDLF) Announces Quarterly Earnings Results
by Amy Steele · The Cerbat GemStandard Life (LON:SDLF – Get Free Report) posted its quarterly earnings data on Monday. The company reported GBX (20.30) earnings per share (EPS) for the quarter, Digital Look Earnings reports.
Standard Life Trading Up 3.8%
SDLF traded up GBX 35 on Monday, reaching GBX 957.50. 2,624,729 shares of the company’s stock were exchanged, compared to its average volume of 28,903,160. Standard Life has a twelve month low of GBX 633.50 and a twelve month high of GBX 960. The firm has a market capitalization of £9.60 billion and a PE ratio of -20.33. The business has a fifty day moving average price of GBX 902.77.
Wall Street Analyst Weigh In
A number of equities analysts have commented on SDLF shares. Berenberg Bank increased their target price on Standard Life from GBX 975 to GBX 1,072 and gave the company a “buy” rating in a report on Thursday, July 23rd. Royal Bank Of Canada raised Standard Life to a “sector perform” rating and lifted their price target for the stock from GBX 870 to GBX 885 in a research note on Monday, July 27th. Finally, JPMorgan Chase & Co. boosted their price target on Standard Life from GBX 975 to GBX 1,075 and gave the stock an “overweight” rating in a research report on Thursday, August 13th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Standard Life has a consensus rating of “Moderate Buy” and a consensus price target of GBX 968.
Check Out Our Latest Research Report on SDLF
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.