Standard Life (LON:SDLF) Stock Price Breaks Above Fifty Day Moving Average - Time to Sell?

Key Points

• Standard Life shares rose above their 50-day moving average, reaching GBX 924 before closing at GBX 916.50, with 129.8 million shares traded.
• Analyst sentiment remains positive: three analysts rate the stock Buy and one Hold, producing a “Moderate Buy” consensus and an average price target of GBX 989.25.
• The company has a £9.19 billion market capitalization, while insider Sherry Coutu recently purchased 2,211 shares at GBX 900 each.

Standard Life (LON:SDLF - Get Free Report)'s stock price crossed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of GBX 908.23 and traded as high as GBX 924. Standard Life shares last traded at GBX 916.50, with a volume of 129,846,773 shares changing hands.

Wall Street Analyst Weigh In

SDLF has been the subject of several recent analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of Standard Life from GBX 975 to GBX 1,075 and gave the stock an "overweight" rating in a research note on Thursday, August 13th. Berenberg Bank reissued a "buy" rating and issued a GBX 1,072 target price on shares of Standard Life in a research note on Monday, September 14th. Finally, Royal Bank Of Canada raised their target price on shares of Standard Life from GBX 885 to GBX 970 and gave the stock a "sector perform" rating in a report on Wednesday, September 23rd. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Standard Life has an average rating of "Moderate Buy" and an average price target of GBX 989.25.

Standard Life Stock Up 0.1%

The stock has a market cap of £9.19 billion and a P/E ratio of -18.63. The business has a 50 day moving average price of GBX 908.23 and a 200 day moving average price of GBX 832.54.

Standard Life (LON:SDLF - Get Free Report) last issued its quarterly earnings results on Monday, September 7th. The company reported GBX (20.30) earnings per share for the quarter.

Insider Buying and Selling

In other Standard Life news, insider Sherry Coutu bought 2,211 shares of Standard Life stock in a transaction on Monday, September 28th. The shares were acquired at an average price of GBX 900 per share, for a total transaction of £19,899. 3.17% of the stock is owned by company 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.

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