Standard Life (LON:SDLF) Upgraded by Royal Bank Of Canada to “Sector Perform” Rating

Standard Life (LON:SDLF) was upgraded by research analysts at Royal Bank Of Canada to a “sector perform” rating in a research note issued to investors on Monday,London Stock Exchange reports. The brokerage currently has a GBX 885 target price on the stock, up from their prior target price of GBX 870. Royal Bank Of Canada’s price objective points to a potential downside of 2.91% from the company’s current price.

Other equities research analysts have also issued reports about the stock. JPMorgan Chase & Co. lifted their price target on shares of Standard Life from GBX 950 to GBX 975 and gave the company an “overweight” rating in a report on Monday, June 22nd. Citigroup upped their price target 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. Finally, Berenberg Bank raised their price objective on Standard Life from GBX 975 to GBX 1,072 and gave the company a “buy” rating in a report on Thursday. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Standard Life currently has an average rating of “Moderate Buy” and a consensus target price of GBX 943.

Standard Life Stock Down 0.5%

LON:SDLF opened at GBX 911.50 on Monday. Standard Life has a twelve month low of GBX 633.50 and a twelve month high of GBX 921. The company has a 50-day simple moving average of GBX 823.22. The firm has a market capitalization of £9.13 billion and a price-to-earnings ratio of -19.35.

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.