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

Standard Life (LON:SDLF) had its price target increased by JPMorgan Chase & Co. from GBX 620 to GBX 950 in a report released on Friday,London Stock Exchange reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 22.42% from the company’s current price.

Several other analysts also recently weighed in on the company. Royal Bank Of Canada upgraded Standard Life to an “outperform” rating and upped their price target for the stock from GBX 800 to GBX 870 in a research note on Tuesday, April 21st. Citigroup lifted their price objective on Standard Life from GBX 769 to GBX 840 and gave the company a “buy” rating in a research note on Friday, April 17th. Finally, Berenberg Bank increased their target price on Standard Life from GBX 852 to GBX 918 and gave the stock a “buy” rating in a research note on Thursday, February 5th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of GBX 894.50.

Standard Life Stock Performance

LON:SDLF traded up GBX 10.50 during mid-day trading on Friday, hitting GBX 776. 27,871,877 shares of the company’s stock were exchanged, compared to its average volume of 28,511,398. The stock has a market cap of £7.78 billion and a P/E ratio of -16.48. Standard Life has a one year low of GBX 633.50 and a one year high of GBX 783.80. The company has a fifty day moving average price of GBX 721.39.

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

Insider Activity

In other news, insider Katie Murray purchased 7,350 shares of the business’s stock in a transaction dated Monday, March 16th. The shares were purchased at an average price of GBX 675 per share, for a total transaction of £49,612.50. Insiders have purchased a total of 7,444 shares of company stock valued at $5,013,546 in the last 90 days. Corporate insiders own 3.16% of the company’s stock.

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.