JP Morgan Cazenove Sticks With Its Overweight Rating on Standard Life PLC (LON:SL) Shares Today

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Standard Life PLC (LON:SL) Rating Reaffirmed

In recent note issued to clients and investors by JP Morgan Cazenove on 8 December, The Rating on Standard Life PLC (LON:SL) shares of a ‘Overweight’ was reconfirmed.

From a total of 20 analysts covering Standard Life PLC (LON:SL) stock, 3 rate it a ”Buy”, 5 a “Sell”, and 13 a ”Hold”. This means that 14% of the ratings are positive. The highest target price is GBX 537.78 while the lowest target price is GBX 360. The mean of all analyst targets is GBX 444.08 with a 9.74% above today’s (GBX 400.6) stock price. Standard Life PLC was the topic of 46 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Deutsche Bank maintained shares on December 7 with “Hold” rating. Credit Suisse maintained shares with “Neutral” rating and GBX 440 target share price in a report from a November 11. Societe Generale maintained SL stock in a recent report from November 25 with “Sell” rating. Goldman Sachs maintained the rating on October 29. Goldman Sachs has a “Neutral” rating and a GBX 425 price target on shares. Finally, Bernstein maintained the stock with “Market Perform” rating in a report issued on a November 11.

The stock closed the day at GBX 400.6 during the previous session. It is down 15.65% since May 11, 2015 and is downtrending. It has underperformed by 14.57% the S&P500.

JP Morgan Cazenove Sticks With Its Overweight Rating on Standard Life PLC (LON:SL) Shares Today

Standard Life plc is a United Kingdom long-term investment savings company. The company has a market cap of 7.85 billion GBP. The Firm operates through four divisions: Standard Life Investments, which provides a range of investment products for individuals and institutional clients through a number of different investment vehicles; UK and Europe, which provides a range of long-term, savings and investment products to individual and corporate clients in the United Kingdom, Germany, Austria and Ireland; Asia and Emerging Markets, which offers a range of savings and investment products and include wholly owned activities in Hong Kong and Singapore and investments in joint ventures in India and China, and Other, which includes the group corporate center and related activities. It has 30.64 P/E ratio.

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