Standard Life Has Scope for Upgrades Following Strong Results
Dow Jones
Sep 07
0900 GMT - Standard Life is shifting to a capital-light growth story, with potential to beat consensus expectations, J.P. Morgan Cazenove analysts say in a note. The savings, pensions and retirement income specialist posted a strong set of results, with operating profit ahead of consensus, supported by strong growth in assets under administration, the analysts say. It reiterated guidance and targets, including 1.1 billion pounds in operating profit for 2026 and mid-single-digit growth in operating cash generation. "While these are in line with current consensus, we see scope for Standard Life to grow earnings ahead of its 1.1 billion pounds target and consensus upgrades," the analysts say. Shares are up 1.9% at 950 pence and up 42% over the past 12 months.
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