Insider Buying: Standard Life (LON:SDLF) Insider Acquires £19,899 in Stock

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

Standard Life Trading Down 0.8%

Shares of SDLF opened at GBX 885 on Thursday. The stock’s 50-day moving average price is GBX 922.34 and its two-hundred day moving average price is GBX 826.43. Standard Life has a 12 month low of GBX 633.50 and a 12 month high of GBX 960. The company has a market capitalization of £8.87 billion and a PE ratio of -18.79.

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

Analyst Upgrades and Downgrades

A number of analysts have weighed in on SDLF shares. Royal Bank Of Canada increased their target price on shares of Standard Life from GBX 885 to GBX 970 and gave the company a “sector perform” rating in a research report on Wednesday, September 23rd. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,072 price objective on shares of Standard Life in a research note on Monday, September 14th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Standard Life from GBX 975 to GBX 1,075 and gave the company an “overweight” rating in a research note on Thursday, August 13th. Three research 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, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 989.25.

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.