While not going so far as to rate the shares a 'buy', Charles Stanley thinks stock in Standard Life is worth accumulating at the right price after the life assurance giant's recent results topped expectations.
'Overall these were positive results with operating profits, cash flow and the dividend all above expectations. The cost savings are ahead of target and the capital position remains robust,' Charles Stanley analyst Nic Clarke reckons.
'We believe this supports our positive recommendation on the stock (Accumulate) and importantly, with strong operating capital and cash generation the yield of 6% looks to be well supported,' Clarke added.
Stockbroker tips from ShareCast
Broker snap: Standard Life's yield looks well supported
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Market latest
FTSE 100 | FTSE 250 | All Share
| FTSE 100 | 5,895.47 |  |
+0.33% |
| FTSE 250 | 11,234.57 | |
+0.65% |
| FTSE All Share | 3,046.11 | |
+0.39% |
| Dow Jones | 12,890.46 | |
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FTSE 100
| AMEC plc | 1110.00 | |
+3.64% |
| BG Group plc | 1491.50 | |
+3.15% |
| Petrofac | 1517.00 | |
+3.13% |
| Schroders plc | 1650.00 | |
+2.48% |
| Admiral Group | 985.00 | |
+2.13% |
| Tate & Lyle plc | 672.50 | |
-3.24% |
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-2.99% |
| British Land Co plc | 497.00 | |
-2.17% |
| ICAP Plc | 381.40 | |
-1.95% |
| Rolls Royce Holdings Plc | 770.00 | |
-1.91% |
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| Barclays plc | 49,916,259 |
| Centrica Plc | 27,408,245 |
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