Standard Life Plc (SL) Price Target Raised to GBX 320 at Royal Bank of Canada

Standard Life Plc (LON:SL) had its price objective raised by Royal Bank of Canada from GBX 290 ($3.58) to GBX 320 ($3.95) in a report published on Friday morning. Royal Bank of Canada currently has an underperform rating on the stock.

A number of other analysts also recently commented on the stock. Macquarie reissued an outperform rating and set a GBX 460 ($5.68) price objective on shares of Standard Life Plc in a report on Monday, January 9th. Deutsche Bank AG downgraded shares of Standard Life Plc to a hold rating in a report on Tuesday, December 13th. Jefferies Group LLC boosted their price objective on shares of Standard Life Plc from GBX 391 ($4.83) to GBX 399 ($4.93) and gave the stock a buy rating in a report on Thursday, December 8th. Goldman Sachs Group Inc boosted their price objective on shares of Standard Life Plc from GBX 365 ($4.51) to GBX 370 ($4.57) and gave the stock a neutral rating in a report on Tuesday, January 24th. Finally, Barclays PLC boosted their price objective on shares of Standard Life Plc from GBX 301 ($3.72) to GBX 330 ($4.08) and gave the stock an underweight rating in a report on Monday, December 12th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. Standard Life Plc has a consensus rating of Hold and an average target price of GBX 391.86 ($4.84).

Shares of Standard Life Plc (LON:SL) traded up 1.08% during mid-day trading on Friday, hitting GBX 363.70. 8,417,814 shares of the stock were exchanged. The company has a 50-day moving average of GBX 366.39 and a 200 day moving average of GBX 355.84. Standard Life Plc has a one year low of GBX 248.20 and a one year high of GBX 414.90. The stock’s market cap is GBX 7.19 billion.

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In other news, insider Melanie Gee acquired 20,000 shares of Standard Life Plc stock in a transaction that occurred on Thursday, December 22nd. The shares were acquired at an average price of GBX 363 ($4.48) per share, with a total value of £72,600 ($89,662.84). Insiders have purchased 20,078 shares of company stock worth $7,287,682 in the last three months.

About Standard Life Plc

Standard Life plc is a United Kingdom-based investment company. The Company operates through four segments: Standard Life Investments, UK and Europe, India and China, and Other. The Standard Life Investments segment provides a range of investment products for individuals and institutional customers through various investment vehicles.

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