Standard Life (LON:SDLF) Given Outperform Rating at Royal Bank Of Canada

Standard Life (LON:SDLF)‘s stock had its “outperform” rating reissued by investment analysts at Royal Bank Of Canada in a report issued on Monday,Digital Look reports. They presently have a GBX 870 price target on the stock. Royal Bank Of Canada’s price target suggests a potential upside of 13.21% from the stock’s previous close.

SDLF has been the topic of several other reports. Citigroup boosted their price target on Standard Life from GBX 769 to GBX 840 and gave the stock a “buy” rating in a report on Friday, April 17th. Berenberg Bank boosted their price target on Standard Life from GBX 852 to GBX 918 and gave the stock a “buy” rating in a report on Thursday, February 5th. Finally, JPMorgan Chase & Co. boosted their price target on Standard Life from GBX 620 to GBX 950 and gave the stock an “overweight” rating in a report on Friday. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Standard Life presently has an average rating of “Buy” and an average target price of GBX 894.50.

Standard Life Stock Performance

LON:SDLF opened at GBX 768.50 on Monday. The company has a market capitalization of £7.70 billion and a PE ratio of -16.32. The business’s 50-day moving average price is GBX 722.57. 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 released its quarterly earnings results on Monday, March 16th. The company reported GBX 54.30 earnings per share for the quarter.

Insider Buying and Selling

In related news, insider Katie Murray bought 7,350 shares of Standard Life stock in a transaction that occurred on Monday, March 16th. The shares were acquired at an average cost of GBX 675 per share, for a total transaction of £49,612.50. Insiders purchased 7,444 shares of company stock valued at $5,013,546 in the last quarter. Corporate insiders own 3.16% of the company’s stock.

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.