Standard Life (LON:SDLF) Insider Andrew Briggs Buys 17 Shares of Company Stock

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

Standard Life Stock Performance

Shares of SDLF opened at GBX 879.45 on Wednesday. Standard Life has a 1 year low of GBX 633.50 and a 1 year high of GBX 960. The stock has a market capitalization of £8.81 billion and a PE ratio of -17.88. The stock has a 50-day simple moving average of GBX 918.99 and a 200-day simple moving average of GBX 830.40.

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

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SDLF. 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 research report on Thursday, August 13th. Royal Bank Of Canada boosted their target price on shares of Standard Life from GBX 885 to GBX 970 and gave the stock a “sector perform” rating in a research note on Wednesday, September 23rd. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 1,072 target price on shares of Standard Life in a report on Monday, September 14th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average 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.