Insider Buying: Standard Life (LON:SDLF) Insider Buys 2,211 Shares of Company Stock

Standard Life (LON:SDLF) insider Sherry Coutu acquired 2,211 shares of Standard Life stock in a transaction that occurred on Monday, September 28th. The shares were purchased at an average cost of GBX 900 per share, with a total value of £19,899.

Standard Life Trading Up 0.2%

LON:SDLF traded up GBX 1.79 during mid-day trading on Monday, reaching GBX 899.29. The company’s stock had a trading volume of 1,629,031 shares, compared to its average volume of 26,873,777. The stock has a market capitalization of £9.01 billion and a PE ratio of -19.09. Standard Life has a 12-month low of GBX 633.50 and a 12-month high of GBX 960. The firm’s fifty day simple moving average is GBX 923.02.

Standard Life (LON:SDLF) last issued its earnings results on Monday, September 7th. The company reported GBX (20.30) earnings per share for the quarter.

Wall Street Analysts Forecast Growth

SDLF has been the topic of a number of research analyst reports. Berenberg Bank reissued a “buy” rating and issued a GBX 1,072 price target on shares of Standard Life in a research note on Monday, September 14th. JPMorgan Chase & Co. lifted their price target on Standard Life from GBX 975 to GBX 1,075 and gave the company an “overweight” rating in a research report on Thursday, August 13th. Finally, Royal Bank Of Canada raised their target price on Standard Life from GBX 885 to GBX 970 and gave the stock a “sector perform” rating in a research report on Wednesday, September 23rd. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Standard Life currently has a consensus rating of “Moderate Buy” and an average price target of GBX 989.25.

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.