Insider Buying: Standard Life (LON:SDLF) Insider Buys £109.99 in Stock

Standard Life (LON:SDLF) insider Andrew Briggs acquired 17 shares of the firm’s stock in a transaction on Monday, October 5th. The stock was purchased at an average price of GBX 647 per share, for a total transaction of £109.99.

Standard Life Stock Down 5.2%

SDLF stock opened at GBX 826.22 on Friday. The company has a market cap of £8.28 billion and a P/E ratio of -16.79. Standard Life has a twelve month low of GBX 633.50 and a twelve month high of GBX 960. The business has a fifty day moving average of GBX 916.55 and a 200-day moving average of GBX 833.02.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Berenberg Bank reiterated a “buy” rating and set a GBX 1,072 price target on shares of Standard Life in a research report on Monday, September 14th. Royal Bank Of Canada increased their price objective on shares of Standard Life from GBX 885 to GBX 970 and gave the company a “sector perform” rating in a report on Wednesday, September 23rd. Finally, JPMorgan Chase & Co. increased their price objective on shares of Standard Life from GBX 975 to GBX 1,075 and gave the company an “overweight” rating in a report 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. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.