Standard Life (LON:SDLF) Upgraded by Royal Bank Of Canada to “Outperform” Rating

Royal Bank Of Canada upgraded shares of Standard Life (LON:SDLF) to an outperform rating in a research report report published on Tuesday,Digital Look reports. They currently have GBX 870 price objective on the stock, up from their prior price objective of GBX 800.

SDLF has been the topic of a number of other reports. Citigroup upped their price objective on Standard Life from GBX 769 to GBX 840 and gave the company a “buy” rating in a report on Friday, April 17th. JPMorgan Chase & Co. upped their price objective on Standard Life from GBX 605 to GBX 620 and gave the company an “underweight” rating in a report on Thursday, February 5th. Finally, Berenberg Bank upped their price objective on Standard Life from GBX 852 to GBX 918 and gave the company a “buy” rating in a report on Thursday, February 5th. Three investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 812.

Standard Life Trading Up 2.2%

SDLF stock opened at GBX 777.80 on Tuesday. The company has a market cap of £7.79 billion and a P/E ratio of -16.51. Standard Life has a 1-year low of GBX 633.50 and a 1-year high of GBX 783.80.

Standard Life (LON:SDLF) last issued 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 other Standard Life news, insider Katie Murray acquired 7,350 shares of the company’s stock in a transaction that occurred on Monday, March 16th. The stock was acquired at an average cost of GBX 675 per share, for a total transaction of £49,612.50. In the last ninety days, insiders acquired 7,390 shares of company stock worth $4,983,050. 3.09% of the stock is owned by corporate insiders.

About Standard Life

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.