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

Standard Life (LON:SDLF)‘s stock had its “outperform” rating reiterated by Royal Bank Of Canada in a research note issued to investors on Monday,Digital Look reports. They presently have a GBX 870 price objective on the stock. Royal Bank Of Canada’s target price would suggest a potential upside of 13.21% from the company’s current price.

A number of other research firms have also recently issued reports on SDLF. JPMorgan Chase & Co. lifted their target price on Standard Life from GBX 620 to GBX 950 and gave the company an “overweight” rating in a research report on Friday. Citigroup lifted their target price on Standard Life from GBX 769 to GBX 840 and gave the company a “buy” rating in a research report on Friday, April 17th. Finally, Berenberg Bank lifted their target price on Standard Life from GBX 852 to GBX 918 and gave the company a “buy” rating in a research report on Thursday, February 5th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Standard Life currently has an average rating of “Buy” and an average target price of GBX 894.50.

Standard Life Stock Performance

SDLF stock opened at GBX 768.50 on Monday. The firm has a market capitalization of £7.70 billion and a P/E ratio of -16.32. The company has a 50-day moving average of GBX 722.57. Standard Life has a 52 week low of GBX 633.50 and a 52 week high of GBX 783.80.

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

Insider Transactions at Standard Life

In other Standard Life news, insider Katie Murray bought 7,350 shares of the firm’s stock in a transaction on Monday, March 16th. The shares were purchased at an average price of GBX 675 per share, for a total transaction of £49,612.50. Insiders bought a total of 7,444 shares of company stock valued at $5,013,546 in the last quarter. 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.