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

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

Several other research firms also recently weighed in on SDLF. JPMorgan Chase & Co. upped their price objective on shares of Standard Life from GBX 950 to GBX 975 and gave the stock an “overweight” rating in a report on Monday, June 22nd. Citigroup upped their target price 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 lifted their price target on Standard Life from GBX 975 to GBX 1,072 and gave the company a “buy” rating in a research note on Thursday. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Standard Life presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 943.

Standard Life Price Performance

Shares of 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 stock’s 50 day moving average price is GBX 823.22. The firm has a market capitalization of £9.13 billion and a price-to-earnings ratio of -19.35.

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.