Nicolaos Nicandrou Acquires 18 Shares of Standard Life (LON:SDLF) Stock

Standard Life (LON:SDLF) insider Nicolaos Nicandrou purchased 18 shares of the firm’s stock in a transaction on Monday, July 6th. The stock was bought at an average price of GBX 642 per share, with a total value of £115.56.

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

• On Friday, June 5th, Nicolaos Nicandrou bought 19 shares of Standard Life stock. The shares were acquired at an average price of GBX 578 per share, with a total value of £109.82.
• On Tuesday, May 5th, Nicolaos Nicandrou purchased 28 shares of Standard Life stock. The stock was bought at an average price of GBX 558 per share, with a total value of £156.24.

Standard Life Stock Up 0.2%

LON SDLF traded up GBX 1.88 during trading hours on Monday, reaching GBX 853.07. 1,629,929 shares of the company traded hands, compared to its average volume of 31,269,873. The stock has a market capitalization of £8.55 billion and a PE ratio of -18.11. Standard Life has a 12 month low of GBX 633.50 and a 12 month high of GBX 859.50. The stock has a 50 day simple moving average of GBX 785.07.

Analysts Set New Price Targets

Several research analysts have recently commented on SDLF shares. JPMorgan Chase & Co. lifted their target price on Standard Life from GBX 950 to GBX 975 and gave the stock an “overweight” rating in a research report on Monday, June 22nd. Berenberg Bank boosted their target price on shares of Standard Life from GBX 918 to GBX 975 and gave the company a “buy” rating in a research note on Thursday, June 18th. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 870 price objective on shares of Standard Life in a report on Monday, May 18th. Finally, Citigroup lifted their target price on Standard Life from GBX 769 to GBX 840 and gave the company a “buy” rating in a research note on Friday, April 17th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Standard Life presently has an average rating of “Buy” and a consensus target price of GBX 915.

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.