Standard Life (LON:SDLF) Stock Price Expected to Rise, Citigroup Analyst Says

Standard Life (LON:SDLF) had its price objective upped by analysts at Citigroup from GBX 769 to GBX 840 in a note issued to investors on Friday, MarketBeat Ratings reports. The firm presently has a “buy” rating on the stock. Citigroup’s price target would suggest a potential upside of 12.56% from the stock’s previous close.

A number of other equities analysts also recently commented on the stock. Berenberg Bank upped their price objective on shares of Standard Life from GBX 852 to GBX 918 and gave the stock a “buy” rating in a research report on Thursday, February 5th. JPMorgan Chase & Co. upped their price objective on shares of Standard Life from GBX 605 to GBX 620 and gave the stock an “underweight” rating in a research report on Thursday, February 5th. Two research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Standard Life has a consensus rating of “Hold” and a consensus price target of GBX 792.67.

Standard Life Price Performance

LON SDLF opened at GBX 746.26 on Friday. The firm has a market capitalization of £7.48 billion and a price-to-earnings ratio of -15.84. Standard Life has a 12-month low of GBX 633.50 and a 12-month high of GBX 778.40.

Standard Life (LON:SDLF) last announced its quarterly earnings data on Monday, March 16th. The company reported GBX 54.30 EPS for the quarter.

Insider Buying and Selling at Standard Life

In related news, insider Katie Murray purchased 7,350 shares of the stock in a transaction dated Monday, March 16th. The shares were acquired at an average cost of GBX 675 per share, with a total value of £49,612.50. Over the last 90 days, insiders have acquired 7,390 shares of company stock worth $4,983,050. Corporate insiders own 3.09% of the company’s stock.

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.