Insider Buying: Standard Life (LON:SDLF) Insider Acquires 19 Shares of Stock

Standard Life (LON:SDLF) insider Nicolaos Nicandrou purchased 19 shares of the company’s stock in a transaction on Friday, June 5th. The stock was acquired at an average price of GBX 578 per share, with a total value of £109.82.

Nicolaos Nicandrou also recently made the following trade(s):

• On Tuesday, May 5th, Nicolaos Nicandrou acquired 28 shares of Standard Life stock. The stock was bought at an average price of GBX 558 per share, for a total transaction of £156.24.

Standard Life Price Performance

LON:SDLF traded down GBX 0.50 during midday trading on Friday, reaching GBX 758. The company had a trading volume of 2,276,887 shares, compared to its average volume of 28,967,957. Standard Life has a 12-month low of GBX 633.50 and a 12-month high of GBX 805. The firm has a market cap of £7.59 billion and a price-to-earnings ratio of -16.09. The business’s fifty day simple moving average is GBX 745.39.

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

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Berenberg Bank upped their target price on shares of Standard Life from GBX 852 to GBX 918 and gave the stock a “buy” rating in a research note on Thursday, February 5th. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 870 price target on shares of Standard Life in a report on Monday, May 18th. Citigroup increased their price objective on shares of Standard Life from GBX 769 to GBX 840 and gave the company a “buy” rating in a research report on Friday, April 17th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Standard Life from GBX 620 to GBX 950 and gave the company an “overweight” rating in a report on Friday, May 15th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of GBX 894.50.

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.