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

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

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

Standard Life Stock Performance

Standard Life stock opened at GBX 769.57 on Tuesday. The company has a market capitalization of £7.71 billion and a PE ratio of -16.34. Standard Life has a 12 month low of GBX 633.50 and a 12 month 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 Activity at Standard Life

In related news, insider Katie Murray purchased 7,350 shares of the company’s stock in a transaction that occurred on Monday, March 16th. The stock was acquired at an average price of GBX 675 per share, with a total value of £49,612.50. Insiders acquired a total of 7,390 shares of company stock valued at $4,983,050 in the last quarter. 3.09% of the stock is currently owned by company insiders.

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.