Standard Life (LON:SDLF) Price Target Raised to GBX 950 at JPMorgan Chase & Co.

Standard Life (LON:SDLF) had its target price boosted by equities researchers at JPMorgan Chase & Co. from GBX 620 to GBX 950 in a research report issued to clients and investors on Friday,London Stock Exchange reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 22.42% from the company’s current price.

SDLF has been the subject of a number of other research reports. Royal Bank Of Canada raised Standard Life to an “outperform” rating and raised their price target for the stock from GBX 800 to GBX 870 in a research note on Tuesday, April 21st. Berenberg Bank boosted their price objective 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 upped their price objective on shares of Standard Life from GBX 769 to GBX 840 and gave the stock a “buy” rating in a report on Friday, April 17th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Standard Life presently has a consensus rating of “Buy” and a consensus target price of GBX 894.50.

Standard Life Price Performance

LON:SDLF traded up GBX 10.50 during mid-day trading on Friday, reaching GBX 776. 27,871,877 shares of the company’s stock traded hands, compared to its average volume of 28,511,398. The firm’s 50 day moving average is GBX 721.39. The firm has a market cap of £7.78 billion and a price-to-earnings ratio of -16.48. 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 data on Monday, March 16th. The company reported GBX 54.30 earnings per share for the quarter.

Insider Activity at Standard Life

In other news, insider Katie Murray bought 7,350 shares of the stock in a transaction dated Monday, March 16th. The stock was bought at an average price of GBX 675 per share, for a total transaction of £49,612.50. In the last three months, insiders purchased 7,444 shares of company stock valued at $5,013,546. Company 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.