The Royal Bank Of Canada Raises Standard Life Plc (SL) Price Target to GBX 300

The Royal Bank Of Canada Raises Standard Life Plc (SL) Price Target to GBX 300

Standard Life Plc (LON:SL) had its price target lifted by investment analysts at Royal Bank Of Canada from GBX 270 ($3.34) to GBX 300 ($3.71) in a research report issued on Friday. The firm currently has an “underperform” rating on the stock. Royal Bank Of Canada’s price objective suggests a potential downside of 9.42% from the company’s current price.

Other research analysts have also issued reports about the stock. Barclays PLC lowered shares of Standard Life Plc to an “underweight” rating and cut their target price for the company from GBX 315 ($3.90) to GBX 301 ($3.73) in a report on Thursday. HSBC cut their target price on shares of Standard Life Plc from GBX 490 ($6.06) to GBX 360 ($4.46) and set a “buy” rating for the company in a report on Wednesday, June 29th. Deutsche Bank AG reissued a “buy” rating and issued a GBX 325 ($4.02) target price on shares of Standard Life Plc in a report on Wednesday, August 10th. Morgan Stanley cut their target price on shares of Standard Life Plc from GBX 368 ($4.55) to GBX 344 ($4.26) and set an “equal weight” rating for the company in a report on Thursday, August 11th. Finally, Shore Capital reaffirmed a “hold” rating on shares of Standard Life Plc in a research note on Tuesday, August 9th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of GBX 381.69 ($4.72).

Shares of Standard Life Plc (LON:SL) opened at 331.20 on Friday. Standard Life Plc has a 52-week low of GBX 248.20 and a 52-week high of GBX 428.30. The stock’s market capitalization is GBX 6.53 billion. The stock has a 50 day moving average of GBX 351.31 and a 200-day moving average of GBX 328.70.

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