Standard Life (LON:SDLF) Upgraded to Sector perform at Royal Bank Of Canada

Royal Bank Of Canada upgraded shares of Standard Life (LON:SDLF) to a sector perform rating in a research report sent to investors on Monday morning, MarketBeat Ratings reports. The brokerage currently has GBX 885 target price on the stock, up from their previous target price of GBX 870.

Several other equities research analysts have also issued reports on SDLF. Berenberg Bank increased their price objective on shares of Standard Life from GBX 975 to GBX 1,072 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Citigroup lifted their target price on shares of Standard Life from GBX 769 to GBX 840 and gave the company a “buy” rating in a report on Friday, April 17th. Finally, JPMorgan Chase & Co. upped their price target on shares of Standard Life from GBX 950 to GBX 975 and gave the stock an “overweight” rating in a research report on Monday, June 22nd. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Standard Life presently has an average rating of “Moderate Buy” and a consensus price target of GBX 943.

Standard Life Price Performance

LON SDLF opened at GBX 913 on Monday. The stock has a market capitalization of £9.15 billion and a price-to-earnings ratio of -19.38. Standard Life has a one year low of GBX 633.50 and a one year high of GBX 921. The firm has a 50 day simple moving average of GBX 825.83.

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.