Standard Life (LON:SL) Falls into Favor With Nomura As They Decide to Upgrade Shares

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Standard Life (LON:SL) Stock Upgrade

Nomura has just given Standard Life (LON:SL) shares an updated Neutral rating in a very recent research note issued to investors and clients on 10 December. The brokerage firm after the upgrade has a respectable GBX 410.00 Estimated Target Price on the stock. The target announced by Nomura is 5.07% from SL’s current share price.

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 12.75% above today’s (GBX 389.9) stock price. Standard Life PLC was the topic of 49 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. JP Morgan maintained shares on December 8 with “Overweight” rating. JP Morgan maintained shares with “Overweight” rating and GBX 477 target share price in a report from a November 23. Bernstein maintained SL stock in a recent report from December 7 with “Market Perform” rating. Credit Suisse maintained the rating on November 11. Credit Suisse has a “Neutral” rating and a GBX 440 price target on shares. Finally, Barclays Capital maintained the stock with “Equal Weight” rating in a report issued on a December 1.

Approximately 2.53 million shares of stock traded hands. Standard Life Plc (LON:SL) has declined 16.49% since May 13, 2015 and is downtrending. It has underperformed by 14.56% the S&P500.

 Standard Life (LON:SL) Falls into Favor With Nomura As They Decide to Upgrade Shares

Standard Life plc is a United Kingdom long-term investment savings company. The company has a market cap of 7.74 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 29.82 P/E ratio.

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